Browse Arkansas Code titles and sections
15-4-702. Authority to use Arkansas Economic Development Council moneys if account is insufficient.
Arkansas Code — all titles (historical 2020) · legal_authorities
15-4-702. Authority to use Arkansas Economic Development Council moneys if account is insufficient.
If the Arkansas Economic Development Council shall at any time determine that the moneys in the Revenue Bond Guaranty Reserve Account, sometimes referred to in this subchapter as “account”, created and being maintained pursuant to the provisions of the Industrial Revenue Bond Guaranty Law, § 15-4-601 et seq., are not or will not be sufficient to meet the obligations of the account, the council is authorized to use the necessary amount of any available moneys that it may have which are not needed for or committed to other authorized functions and purposes of the council then or in the foreseeable future. Any such moneys so used may be reimbursed out of the account if and when there are moneys therein available for the purpose.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 15-4-702
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:15-4-702
Source file: gov.ar.code.title.15.odt
Pages: Not recorded – Not recorded
Passage SHA-256: f46d3df91e82418aba0e4b010d8dc57323d4fc1a43178429d4f6c7500d72c942
Source location: content.xml paragraph 2414
Stored source content
15-4-702. Authority to use Arkansas Economic Development Council moneys if account is insufficient.
If the Arkansas Economic Development Council shall at any time determine that the moneys in the Revenue Bond Guaranty Reserve Account, sometimes referred to in this subchapter as “account”, created and being maintained pursuant to the provisions of the Industrial Revenue Bond Guaranty Law, § 15-4-601 et seq., are not or will not be sufficient to meet the obligations of the account, the council is authorized to use the necessary amount of any available moneys that it may have which are not needed for or committed to other authorized functions and purposes of the council then or in the foreseeable future. Any such moneys so used may be reimbursed out of the account if and when there are moneys therein available for the purpose.
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Arkansas Code — all titles (historical 2020) · legal_authorities
15-4-601. Title.
This subchapter shall be referred to and may be designated as the “Industrial Revenue Bond Guaranty Law”.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 15-4-601
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. The source passage cites 15-4-601. This identifies an authority to review, not proof of applicability.