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15-5-1506. Loans — Grants.
Arkansas Code — all titles (historical 2020) · legal_authorities
15-5-1506. Loans — Grants.
(a) With approval of the Division of Environmental Quality, the Arkansas Development Finance Authority may:
(1) Make secured or unsecured loans from the Brownfield Revolving Loan Fund;
(2) Award grants from the fund;
(3) Collect interest on any loans issued; and
(4) Assess penalties on late loan payments.
(b) Loans issued under this subchapter may contain an acceleration clause.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 15-5-1506
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:15-5-1506
Source file: gov.ar.code.title.15.odt
Pages: Not recorded – Not recorded
Passage SHA-256: f492bb06171bab6e6f690d3090e890b0ee1845595a0624652b3dbd47f82304bc
Source location: content.xml paragraph 9474
Stored source content
15-5-1506. Loans — Grants.
(a) With approval of the Division of Environmental Quality, the Arkansas Development Finance Authority may:
(1) Make secured or unsecured loans from the Brownfield Revolving Loan Fund;
(2) Award grants from the fund;
(3) Collect interest on any loans issued; and
(4) Assess penalties on late loan payments.
(b) Loans issued under this subchapter may contain an acceleration clause.
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