Browse Arkansas Code titles and sections
15-5-1405. Guaranty.
Arkansas Code — all titles (historical 2020) · legal_authorities
15-5-1405. Guaranty.
(a) The Arkansas Development Finance Authority shall have the power to extend a capital guaranty of obligations issued by the designated investor group.
(b) The capital guaranty shall be secured by:
(1) The authority guaranty, subject to the limits establish by the authority; and
(2) Tax credits.
(c) The authority may charge a reasonable fee for costs and the fair compensation of risk associated with its guaranty.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 15-5-1405
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:15-5-1405
Source file: gov.ar.code.title.15.odt
Pages: Not recorded – Not recorded
Passage SHA-256: fe20da9ed7741507b9a8a2723c0ea16c420fee426f033db8f9e1c8e36e162327
Source location: content.xml paragraph 9263
Stored source content
15-5-1405. Guaranty.
(a) The Arkansas Development Finance Authority shall have the power to extend a capital guaranty of obligations issued by the designated investor group.
(b) The capital guaranty shall be secured by:
(1) The authority guaranty, subject to the limits establish by the authority; and
(2) Tax credits.
(c) The authority may charge a reasonable fee for costs and the fair compensation of risk associated with its guaranty.
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