Ark. Code Ann. § 15-5-712

Power to make grants and loans

Acts 1991, No. 775, § 6; 1991, No. 874, § 6; 2015, No. 1060, § 14; 2017, No. 857, § 1.

The Arkansas Development Finance Authority may make grants, direct loans, or loan guaranties to:

(1) New or existing: Title IX revolving loan funds;

(2) Small business investment companies; and

(3) Specialized small business investment companies;

(4) The Division of Minority and Women-owned Business Enterprise of the Arkansas Economic Development Commission;

(5) A certified community development financial institution under the Riegle Community Development and Regulatory Improvement Act of 1994, Pub. L. No. 103-325; and

(6) An entrepreneur as described in the Entrepreneur Fee Waiver Pilot Program under § 15-5-714.

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.