Arkansas § 8-5-804 Eligible activities

Arkansas Statutes

§ 8-5-804 — Eligible activities

Arkansas § 8-5-804

Title8

This text of Arkansas § 8-5-804 (Eligible activities) 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. § 8-5-804 (2026).

Text

(a)Moneys deposited into the Small Business Revolving Loan Fund within the Division of Environmental Quality may be:

(1)Loaned to eligible participants to pay the direct costs of projects which are designed to correct or avoid violations of federal environmental regulations or state environmental rules and have received a certificate of need from the division; or (2) Expended to pay costs incurred by the division to provide management of lending activities.

(b)(1) It is the purpose of this subchapter to authorize the division to establish and administer a revolving loan fund to encourage the investment in pollution control, pollution prevention, and waste reduction practices in Arkansas.

(2)Such a fund will promote sustainable economic development in Arkansas by establishing a publicly

Free access — add to your briefcase to read the full text and ask questions with AI

(a) Moneys deposited into the Small Business Revolving Loan Fund within the Division of Environmental Quality may be: (1) Loaned to eligible participants to pay the direct costs of projects which are designed to correct or avoid violations of federal environmental regulations or state environmental rules and have received a certificate of need from the division; or (2) Expended to pay costs incurred by the division to provide management of lending activities. (b) (1) It is the purpose of this subchapter to authorize the division to establish and administer a revolving loan fund to encourage the investment in pollution control, pollution prevention, and waste reduction practices in Arkansas. (2) Such a fund will promote sustainable economic development in Arkansas by establishing a publicly capitalized revolving loan fund to make loans to small businesses for projects to meet regulatory mandates in pollution control or to adopt pollution prevention technologies. (3) Operating expenses associated with proofing a process change or equipment modification would be an eligible loan activity.

Legislative History

Amended by Act 2019, No. 315,§ 520, eff. 7/24/2019. Amended by Act 2019, No. 910,§ 2573, eff. 7/1/2019. Acts 1997, No. 691, § 1; 1999, No. 1164, § 55; 2001, No. 213, § 3.