Title 15 — Natural Resources and Economic Development

42 chapters · 1,687 sections in this title.

1,687 sectionsFiltered byTitle 15

Ark. Code Ann. § 15-5-609 Filing fee
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The Arkansas Development Finance Authority may charge each issuer of affected bonds a filing fee for establishing its compliance with the Internal Revenue Code, 26 U.S.C. § 1 et seq., by appropriate resolution of the authority and may modify its filing fee from time to time by su…
Ark. Code Ann. § 15-5-610 Allocation of 2008 Housing Act Volume Cap
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(a) The 2008 Housing Act Volume Cap shall be allocated one hundred percent (100%) to the Arkansas Development Finance Authority to finance qualified housing issues. (b) The authority may carry forward the 2008 Housing Act Volume Cap as provided in 26 U.S.C. § 146(f)(6), as in eff…
Ark. Code Ann. § 15-5-701 Title
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This subchapter may be referred to and cited as the “Arkansas Development Finance Authority Small Business Act of 1989”.
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…
Ark. Code Ann. § 15-5-706 Evaluation of small-business persons
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(a) The Arkansas Development Finance Authority shall promulgate standards and rules for the evaluation of the financial condition and business history of the small-business person and may require the attachment to each application for a loan or guaranty or qualified investment un…
Ark. Code Ann. § 15-5-707 Small Business Revolving Loan Fund — Investment of funds
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(a) (1) The Arkansas Development Finance Authority is authorized to establish a Bond Guaranty Reserve Account, sometimes referred to in this subchapter as the “account”, in an Arkansas financial institution or institutions that are members of the Federal Deposit Insurance Corpora…
Ark. Code Ann. § 15-5-708 Applications — Supporting documents
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Each small-business person requesting a loan or guaranty or qualified investment under this subchapter shall submit to the Arkansas Development Finance Authority an application, supporting documents, and instruments as may be required by the rules promulgated by the authority pur…
Ark. Code Ann. § 15-5-709 Applications — Review — Confidentiality and public disclosure — Notice
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(a) All applications filed with the Arkansas Development Finance Authority under the provisions of this subchapter shall first be reviewed by the appropriate designated staff officials of the authority or by a committee consisting of members of the Board of Directors of the Arkan…
Ark. Code Ann. § 15-5-710 Liability of authority's members and staff
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No provision of §§ 15-5-708 and 15-5-709 shall be interpreted to create any private right against any member of the Arkansas Development Finance Authority or any member of the staff thereof.
Ark. Code Ann. § 15-5-711 Grants to fund
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The Arkansas Development Finance Authority may accept grants to its Small Business Revolving Loan Fund and its Direct Fund from any source.
Ark. Code Ann. § 15-5-712 Power to make grants and loans
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(1) The Arkansas Development Finance Authority may make grants, direct loans, or loan guaranties to:(1) New or existing:(A) Title IX revolving loan funds;(B) Small business investment companies; and(C) Specialized small business investment companies;(2) The Division of Minority a…
Ark. Code Ann. § 15-5-713 Funding of qualified investments
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(a) The Arkansas Development Finance Authority may approve the use of funds for qualified investments upon such terms and conditions and for such periods of time as shall be recommended by the President of the Arkansas Development Finance Authority and approved by the Board of Di…
Ark. Code Ann. § 15-5-714 Entrepreneur Fee Waiver Pilot Program — Definition
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(a) There is created a program to be known as the “Entrepreneur Fee Waiver Pilot Program”. (b) The program shall be developed, implemented, and administered by the Arkansas Development Finance Authority. (c) The purpose of the program is to encourage and assist entrepreneurs by p…
Ark. Code Ann. § 15-5-901 Fund — Establishment — Uses — Accounts
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(a) (1) (A) There is established on the books of the Arkansas Natural Resources Commission a special restricted fund to be known as the “Construction Assistance Revolving Loan Fund”.(B) The Construction Assistance Revolving Loan Fund shall be maintained in perpetuity and administ…
Ark. Code Ann. § 15-5-902 Fund — Administration
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(a) (1) The Construction Assistance Revolving Loan Fund shall be administered by the Arkansas Natural Resources Commission.(2) The commission may establish procedures and adopt rules required to administer the fund and programs financed, in whole or in part, with moneys in the fu…
Ark. Code Ann. § 15-5-903 Fund — Grants — Deposits — Cash funds
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(a) The Arkansas Natural Resources Commission and the Arkansas Development Finance Authority as agent for the commission are authorized to accept grants for the use of the Construction Assistance Revolving Loan Fund from any state or federal agencies, municipalities, corporations…
Ark. Code Ann. § 15-5-904 Fees for technical and administrative services
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(a) (1) The Arkansas Natural Resources Commission may establish and collect fees for its technical and administrative services in connection with the planning, design, acquisition, construction, expansion, equipping, or rehabilitation of wastewater systems, water systems, solid a…
Ark. Code Ann. § 15-5-905 Federal grants deposited into fund
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(a) The Arkansas Natural Resources Commission and the Arkansas Development Finance Authority may accept moneys for deposit into the Construction Assistance Revolving Loan Fund from allocations from the Treasurer of State under this section. (b) Notwithstanding the provisions of §…
Ark. Code Ann. § 15-5-906 Security for bonds
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(a) The Arkansas Natural Resources Commission and, with the approval of the commission, the Arkansas Development Finance Authority may use the moneys in the Construction Assistance Revolving Loan Fund, excluding the State Grants Account, and use the assets acquired with moneys in…
Ark. Code Ann. § 15-5-907 Substitution of loans — Forgiveness of principal
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(a) The Arkansas Natural Resources Commission may remove any loan, bond, note, or other evidence of indebtedness purchased with moneys in the Construction Assistance Revolving Loan Fund Account from the account and substitute another loan, bond, note, or other evidence of indebte…
Ark. Code Ann. § 15-5-908 Withholding general revenue turnback
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(a) Should any city, town, county, or political subdivision receiving general revenue turnback funds, as defined in the Revenue Stabilization Law, § 19-20-101 et seq., fail, neglect, or refuse to pay any installment of principal, interest, or financing fee for a period of more th…
Ark. Code Ann. § 15-5-909 Definitions
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(1) As used in this subchapter:(1) “Administrative account” means the Construction Assistance Administrative Account established by this subchapter within the Construction Assistance Revolving Loan Fund;(2) “Authority” means the Arkansas Development Finance Authority or any succe…
Ark. Code Ann. § 15-5-910 Interest rates on loans
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(a) The loans made and bonds, notes, and other evidences of indebtedness purchased with moneys in the Construction Assistance State Revolving Loan Fund shall bear interest at rates of interest, including without limitation negative rates of interest, established by the Arkansas N…
Ark. Code Ann. § 15-6-101 Title
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This chapter may be known and may be cited as the “Arkansas Rural Development Program Act”.
Ark. Code Ann. § 15-6-102 Legislative intent
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(a) The General Assembly finds and declares that:(1) Federal, state, and local resources and individual effort available to address rural needs are often isolated and limited to individual symptoms of blight and deterioration. Related programs are frequently inaccessible to the r…
Ark. Code Ann. § 15-6-103 Definitions
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(1) As used in this chapter:(1) “Federal agency” means any department, office, council, or agency of the United States Government or any public benefit corporation or authority authorized by federal statute;(2) “Governing body” means:(A) The city council or board of directors for…
Ark. Code Ann. § 15-6-104 Arkansas Rural Development Commission
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(a) There is established the Arkansas Rural Development Commission, which shall consist of eleven (11) members from rural areas. (b) The members shall be appointed as follows:(1) (A) (i) There shall be seven (7) members of the Arkansas Rural Development Commission appointed by th…
Ark. Code Ann. § 15-6-105 Rural Services Division of the Arkansas Economic Development Commission
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(a) There is created the Rural Services Division of the Arkansas Economic Development Commission. (b) The head of the division shall be the Director of the Arkansas Economic Development Commission. (c) The Governor shall direct that all state agencies provide the director with as…
Ark. Code Ann. § 15-6-106 Arkansas Rural Development Commission — Rural Services Division of the Arkansas Economic Development Commission — Functions, powers, and duties
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(a) The Director of the Arkansas Economic Development Commission by and through the Rural Services Division of the Arkansas Economic Development Commission shall have the following functions, powers, and duties:(1) To serve as a clearinghouse and provide comprehensive information…
Ark. Code Ann. § 15-6-107 Assistance programs and grants
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(a) The Rural Services Division of the Arkansas Economic Development Commission shall request such specific information as the Director of the Arkansas Economic Development Commission determines to be necessary concerning assistance programs and grants administered by federal, st…
Ark. Code Ann. § 15-10-101 [Repealed.]
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A.C.A. § 15-10-101Current through all legislation of the 2025 Regular Session.Arkansas Code of 1987 Annotated Official EditionCopyright © 2026 by the State of Arkansas All rights reserved
Ark. Code Ann. § 15-10-102 Bioenergy and carbon capture technology — Definitions
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(a) As used in this section:(1) “Bioenergy with carbon capture and storage” means the process of capturing and permanently storing carbon dioxide from biomass energy generation; and(2) “Biomass” means bioenergy feedstocks from forest products manufacturing, including without limi…
Ark. Code Ann. § 15-10-103 State energy policy
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(a) It is the policy of this state that the state shall have an adequate, affordable, reliable, dispatchable, secure, and resilient electric generation and transmission system. (b) To further the policy described in subsection (a) of this section, the state shall seek to:(1) Remo…
Ark. Code Ann. § 15-10-201 Title
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This subchapter may be cited as the “Arkansas Energy Reorganization and Policy Act of 1981”.
Ark. Code Ann. § 15-10-202 Declaration of policy
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(1) The General Assembly finds and declares that:(1) The adequacy of future energy supplies will be crucial to the state's economic development;(2) In order to create a favorable environment for economic development and in order to preserve and enhance our present quality of life…
Ark. Code Ann. § 15-10-203 Arkansas Energy Office of the Division of Environmental Quality — Creation
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(a) (1) There is created the Arkansas Energy Office of the Division of Environmental Quality.(2) (A) The executive head of this office shall be the Director of the Arkansas Energy Office.(B) The Director of the Arkansas Energy Office shall be appointed by the Secretary of the Dep…
Ark. Code Ann. § 15-10-204 Arkansas Energy Office of the Division of Environmental Quality — Director
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(a) Each division of the Arkansas Energy Office of the Division of Environmental Quality shall be under the direct control and supervision of the Director of the Arkansas Energy Office. (b) The Director of the Arkansas Energy Office may delegate his or her functions, powers, and …
Ark. Code Ann. § 15-10-205 Arkansas Energy Office of the Division of Environmental Quality — Powers and duties
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(a) The Arkansas Energy Office of the Division of Environmental Quality shall coordinate authority and planning by the state in energy-related matters and shall have the following duties and responsibilities:(1) Coordinating energy matters between and among all state agencies;(2)…
Ark. Code Ann. § 15-10-206 Agency cooperation and coordination with Arkansas Energy Office of the Division of Environmental Quality
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All other state agencies shall cooperate and coordinate with the Arkansas Energy Office of the Division of Environmental Quality to the utmost degree within the range of action permissible within statutory authority.
Ark. Code Ann. § 15-10-207 Reporting regarding the Weatherization Assistance Program
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(1) The Arkansas Energy Office of the Division of Environmental Quality shall report to the House Committee on Public Health, Welfare, and Labor and the Senate Committee on Public Health, Welfare, and Labor concerning the Weatherization Assistance Program as transferred to the of…
Ark. Code Ann. § 15-10-301 Declaration of policy
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(a) The State of Arkansas endorses the action of the United States Congress in enacting the Atomic Energy Act of 1954, 42 U.S.C. § 2011 et seq., to institute a program to encourage the widespread participation in the development and utilization of atomic energy for peaceful purpo…
Ark. Code Ann. § 15-10-302 Definitions
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(1) As used in this subchapter:(1) “Atomic energy” means all forms of energy released in the course of nuclear fission or nuclear transformation;(2) “By-product material” means any radioactive material, except special nuclear material, yielded in or made radioactive by exposure t…
Ark. Code Ann. § 15-10-303 License or permit requirement
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No person shall manufacture, construct, produce, transfer, acquire, or possess any special nuclear material, by-product material, production facility, or utilization facility wholly within this state unless he or she shall have first obtained a license or permit for the activity …
Ark. Code Ann. § 15-10-304 Studying need for changes in law
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(a) Each of the following departments and agencies of state government is directed to initiate and to pursue continuing studies as to the need, if any, for changes in the laws and rules administered by it that would arise from the presence within the state of special nuclear mate…
Ark. Code Ann. § 15-10-305 Coordinator of Atomic Development Activities
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(a) (1) The Governor may appoint a citizen of this state as the Coordinator of Atomic Development Activities.(2) The person appointed shall serve as:(A) Advisor to the Governor with respect to atomic industrial development within the state;(B) Coordinator of the development and r…
Ark. Code Ann. § 15-10-306 Injunction
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Whenever, in the opinion of the Attorney General, any person is violating or is about to violate § 15-10-303, the Attorney General may apply to the appropriate court for an order enjoining the person from engaging or continuing to engage in the activity violative of this subchapt…
Ark. Code Ann. § 15-10-401 Enactment of compact into law
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SOUTHERN STATES ENERGY COMPACT The Southern States Energy Compact is hereby enacted into law and entered into by this State with any and all states legally joining therein in accordance with its terms, in the form substantially as follows: SOUTHERN STATES ENERGY COMPACT ARTICLE I…