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Arkansas Code Title 22. Public Property § 22-3-1903. Loans

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

(a) Under the Sustainable Building Design Program for State Agencies, the Building Authority Division may authorize money to be loaned from the Sustainable Building Design Revolving Loan Fund to a state agency, board, or commission.

(b) A loan made under subsection (a) of this section shall be:

(1) For a renovation of state-owned property; and

(2) In an amount that exceeds two hundred fifty thousand dollars ($250,000).

(c)(1) The division shall credit an origination fee to the Building Authority Division Maintenance Fund for expenses associated with the administration of the program.

(2) The term for repayment of the loan may not exceed ten (10) years.

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Cite this article: FindLaw.com - Arkansas Code Title 22. Public Property § 22-3-1903. Loans - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-22-public-property/ar-code-sect-22-3-1903/

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