Arkansas § 15-5-712 Power to make grants and loans

Arkansas Statutes

§ 15-5-712 — Power to make grants and loans

Arkansas § 15-5-712

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This text of Arkansas § 15-5-712 (Power to make grants and loans) 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. § 15-5-712 (2026).

Text

The Arkansas Development Finance Authority may make grants, direct loans, or loan guaranties to:

(1)New or existing:

(A)Title IX revolving loan funds;

(B)Small business investment companies; and (C) Specialized small business investment companies;

(2)The Division of Minority and Women-owned Business Enterprise of the Arkansas Economic Development Commission;

(3)A certified community development financial institution under the Riegle Community Development and Regulatory Improvement Act of 1994, Pub. L. No. 103-325; and (4) An entrepreneur as described in the Entrepreneur Fee Waiver Pilot Program under § 15-5-714 .

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The Arkansas Development Finance Authority may make grants, direct loans, or loan guaranties to: (1) New or existing: (A) Title IX revolving loan funds; (B) Small business investment companies; and (C) Specialized small business investment companies; (2) The Division of Minority and Women-owned Business Enterprise of the Arkansas Economic Development Commission; (3) A certified community development financial institution under the Riegle Community Development and Regulatory Improvement Act of 1994, Pub. L. No. 103-325; and (4) An entrepreneur as described in the Entrepreneur Fee Waiver Pilot Program under § 15-5-714 .