Arkansas § 6-62-1202 Loans

Arkansas Statutes

§ 6-62-1202 — Loans

Arkansas § 6-62-1202

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This text of Arkansas § 6-62-1202 (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. § 6-62-1202 (2026).

Text

(a)Under the Sustainable Building Maintenance Program for State-Supported Institutions of Higher Education, the Division of Higher Education may authorize money to be loaned from the Sustainable Building Maintenance Program for State-Supported Institutions of Higher Education Revolving Loan Fund, § 19-5-1285 , to a state-supported institution of higher education.

(b)A loan from the fund made under subsection (a) of this section shall be:

(1)For:

(A)Deferred maintenance;

(B)Critical maintenance; or (C) A renovation of state-owned property; and (2) In an amount that exceeds one hundred thousand dollars ($100,000).

(c)The term for repayment of a loan from the fund made under subsection (a) of this section shall not exceed ten (10) years.

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(a) Under the Sustainable Building Maintenance Program for State-Supported Institutions of Higher Education, the Division of Higher Education may authorize money to be loaned from the Sustainable Building Maintenance Program for State-Supported Institutions of Higher Education Revolving Loan Fund, § 19-5-1285 , to a state-supported institution of higher education. (b) A loan from the fund made under subsection (a) of this section shall be: (1) For: (A) Deferred maintenance; (B) Critical maintenance; or (C) A renovation of state-owned property; and (2) In an amount that exceeds one hundred thousand dollars ($100,000). (c) The term for repayment of a loan from the fund made under subsection (a) of this section shall not exceed ten (10) years.