There is created, with such duties and powers as are hereinafter set forth to carry out the provisions of this subchapter and §§ 15-5-101 — 15-5-106 and 15-5-301 — 15-5-316, a public body politic and corporate, with corporate succession, to be an independent instrumentality exercising essential public functions, and to be known as the “Arkansas Development Finance Authority”.
Ark. Code Ann. § 15-5-201
Creation of authority
Applied in 2 court decisions — leading case Finagin v. Arkansas Development Finance Authority (2003)
Most recently applied in Rylwell, L.L.C. v. Arkansas Development Finance Authority (December 2007)
Acts 1985, No. 1062, § 4.00; A.S.A. 1947, § 13-2904.
Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.