Arkansas § 15-5-1405 Guaranty

Arkansas Statutes

§ 15-5-1405 — Guaranty

(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.

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