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Arkansas Code Title 15. Natural Resources and Economic Development § 15-5-712. Power to make grants and loans

Current as of March 28, 2024 | Updated by Findlaw Staff

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;  1 and

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

1 12 U.S.C.A. § 4701 et seq.
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Cite this article: FindLaw.com - Arkansas Code Title 15. Natural Resources and Economic Development § 15-5-712. Power to make grants and loans - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-15-natural-resources-and-economic-development/ar-code-sect-15-5-712/

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