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42 chapters · 1,615 sections in this title.
Ark. Code Ann. § 15-5-702 Legislative findings and declaration of public necessity
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(a) The General Assembly finds:(1) That there exists severe economic instability in traditional national and international markets for goods and services produced by the citizens of the State of Arkansas. This instability has caused serious economic distress among the citizens of…
Ark. Code Ann. § 15-5-703 Definitions
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(1) As used in this subchapter:(1) “Agencies of the United States Government” means federal agencies empowered to make direct loans and provide guaranties backed by the United States Government;(2) “Amortization payments” means periodic, i.e., monthly, semiannual, annual, etc., p…
Ark. Code Ann. § 15-5-704 Duty of authority
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The Arkansas Development Finance Authority, in addition to all the duties and functions defined in the Arkansas Development Finance Authority Act, §§ 15-5-101 — 15-5-106, 15-5-201 — 15-5-211, 15-5-213, and 15-5-301 — 15-5-316, is empowered to approve or deny by majority vote of t…
Ark. Code Ann. § 15-5-705 Funding or guarantee of loans — Conditions
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(a) Loans may be guaranteed when:(1) The Arkansas Development Finance Authority deems the utilization of a loan guaranty in the best interest of the economic development of the State of Arkansas;(2) The amount in the Small Business Revolving Loan Fund, excluding the unpaid portio…