Arkansas § 15-5-318 Primary administration of federal allocations of private activity and governmental volume cap

Arkansas Statutes

§ 15-5-318 — Primary administration of federal allocations of private activity and governmental volume cap

Arkansas § 15-5-318

Title15

This text of Arkansas § 15-5-318 (Primary administration of federal allocations of private activity and governmental volume cap) 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. § 15-5-318 (2026).

Text

(a)(1) Except as provided in subsection (b) of this section, the Arkansas Development Finance Authority is hereby recognized as the primary administrator of federal allocations of private activity and governmental volume cap that are and may be allocated to the State of Arkansas by the United States Department of the Treasury.

(2)All plans, policies, and procedures developed for the administration of volume cap allocations will be subject to the Arkansas Administrative Procedure Act, § 25-15-201 et seq.

(b)This section shall not apply to § 15-5-601 et seq.

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(a) (1) Except as provided in subsection (b) of this section, the Arkansas Development Finance Authority is hereby recognized as the primary administrator of federal allocations of private activity and governmental volume cap that are and may be allocated to the State of Arkansas by the United States Department of the Treasury. (2) All plans, policies, and procedures developed for the administration of volume cap allocations will be subject to the Arkansas Administrative Procedure Act, § 25-15-201 et seq. (b) This section shall not apply to § 15-5-601 et seq.