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15-4-406. Authority to issue revenue bonds — Loan funds.
Arkansas Code — all titles (historical 2020) · legal_authorities
15-4-406. Authority to issue revenue bonds — Loan funds.
To stimulate the flow of private funds for capital improvements to small business concerns, the Arkansas Economic Development Council is authorized to:
(1) Issue revenue bonds to obtain funds to be administered through the Division of Minority Business Enterprise of the Arkansas Economic Development Commission to make investment loans to small business concerns insured by the United States Small Business Administration; and
(2) Provide funds whereby the division may purchase from small business investment companies small business enterprise loans for capital improvements and expansions guaranteed by the United States Small Business Administration, thereby making available to such small business investment companies additional loan funds.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 15-4-406
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Record provenance
Stable record: arkansas_code:legal_authorities:15-4-406
Source file: gov.ar.code.title.15.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 1ffee3626a24fda0e6d2a0729e3816efdb60ce40492ca129b3e38108335d6c00
Source location: content.xml paragraph 1903
Stored source content
15-4-406. Authority to issue revenue bonds — Loan funds.
To stimulate the flow of private funds for capital improvements to small business concerns, the Arkansas Economic Development Council is authorized to:
(1) Issue revenue bonds to obtain funds to be administered through the Division of Minority Business Enterprise of the Arkansas Economic Development Commission to make investment loans to small business concerns insured by the United States Small Business Administration; and
(2) Provide funds whereby the division may purchase from small business investment companies small business enterprise loans for capital improvements and expansions guaranteed by the United States Small Business Administration, thereby making available to such small business investment companies additional loan funds.
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