Ark. Code § 15-5-712

Current with legislation from 2024 Fiscal and Special Sessions.

Section 15-5-712 - Power to make grants and loans

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 and Women-owned Business Enterprise of the Arkansas Economic Development Commission;

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

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

Ark. Code § 15-5-712

Amended by Act 2017, No. 857,§ 1, eff. 8/1/2017.

Amended by Act 2015, No. 1060,§ 14, eff. 4/4/2015.

Acts 1991, No. 775, § 6; 1991, No. 874, § 6.