Arkansas Statutes

§ 15-4-408 — Prerequisites to issuance

Arkansas § 15-4-408

This text of Arkansas § 15-4-408 (Prerequisites to issuance) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Ark. Code Ann. § 15-4-408 (2026).

Text

Before the Arkansas Economic Development Council shall issue its revenue bonds, the council, acting through the Division of Minority Business Enterprise of the Arkansas Economic Development Commission, shall have received from small business investment companies in this state binding commitments to make business loans to small business concerns, as defined in this subchapter, to sell small business loans to the division or to engage in specific small business concern loan activities, as authorized in this subchapter.

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Legislative History

Acts 1985, No. 869, § 5; A.S.A. 1947, § 9-573.

Nearby Sections

15
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Bluebook (online)
Arkansas § 15-4-408, Counsel Stack Legal Research, https://law.counselstack.com/statute/ar/15-4-408.