Arkansas Statutes
§ 15-5-212 — Approval of Legislative Council for certain matters
Arkansas § 15-5-212
JurisdictionArkansas
Title15
This text of Arkansas § 15-5-212 (Approval of Legislative Council for certain matters) 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. § 15-5-212 (2026).
Text
(a)The Arkansas Development Finance Authority or the Secretary of the Department of Commerce on behalf of the authority shall not employ or select any investment banker, consultant, professional financial advisor, or attorney unless the selection criteria to be used in the selection have been submitted to the Legislative Council for review.
(b)(1) As soon as practicable after closing any new bond issue, the authority shall submit a program fact sheet for the new bond issue to the Legislative Council for its review. The program fact sheet shall include, but not be limited to, the fees, interest rates, average coupon life of the securities, and gross spread for the new bond issue.
(2)A copy of each program fact sheet shall be submitted to Arkansas Legislative Audit at the same time that t
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Legislative History
Amended by Act 2019, No. 910,§ 440, eff. 7/1/2019. Acts 1989 (1st Ex. Sess.), No. 36, § 11; 2005, No. 683, § 1.
Nearby Sections
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Declaration of policy§ 15-10-203
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Bluebook (online)
Arkansas § 15-5-212, Counsel Stack Legal Research, https://law.counselstack.com/statute/ar/15-5-212.