Arkansas § 15-5-1405 Guaranty

Arkansas Statutes

§ 15-5-1405 — Guaranty

Arkansas § 15-5-1405

Title15

This text of Arkansas § 15-5-1405 (Guaranty) 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. § 15-5-1405 (2026).

Text

(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.

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(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.