Ark. Code § 15-5-1405

Current with legislation from 2024 Fiscal and Special Sessions.
Section 15-5-1405 - Guaranty
(a) The Arkansas Development Finance Authority shall have the power to extend a capital guaranty of obligations issued by the designated investor group.
(b) The capital guaranty shall be secured by:
(1) The authority guaranty, subject to the limits establish by the authority; and
(2) Tax credits.
(c) The authority may charge a reasonable fee for costs and the fair compensation of risk associated with its guaranty.

Ark. Code § 15-5-1405

Acts 2001, No. 1791, § 5.