Arkansas Statutes

§ 15-5-1506 — Loans - Grants

Arkansas § 15-5-1506

This text of Arkansas § 15-5-1506 (Loans - Grants) 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. § 15-5-1506 (2026).

Text

(a)With approval of the Division of Environmental Quality, the Arkansas Development Finance Authority may:
(1)Make secured or unsecured loans from the Brownfield Revolving Loan Fund;
(2)Award grants from the fund;
(3)Collect interest on any loans issued; and (4) Assess penalties on late loan payments.
(b)Loans issued under this subchapter may contain an acceleration clause.

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Legislative History

Amended by Act 2019, No. 910,§ 3050, eff. 7/1/2019. Acts 2003, No. 1194, § 1.

Nearby Sections

15
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Bluebook (online)
Arkansas § 15-5-1506, Counsel Stack Legal Research, https://law.counselstack.com/statute/ar/15-5-1506.