Browse Arkansas Code titles and sections
15-5-713. Funding of qualified investments.
Arkansas Code — all titles (historical 2020) · legal_authorities
15-5-713. Funding of qualified investments.
(a) The Arkansas Development Finance Authority may approve the use of funds for qualified investments upon such terms and conditions and for such periods of time as shall be recommended by the President of the Arkansas Development Finance Authority and approved by the Board of Directors of the Arkansas Development Finance Authority from:
(1) Cash funds held by the authority; and
(2) The Venture Capital Investment Trust.
(b) The board shall not approve a qualified investment that:
(1) Does not further the purposes of this subchapter; and
(2) Is not in the best interest of the state.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 15-5-713
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.
Issuing source page ↗
Authority boundary: historical statutory source snapshot not current law.
Open the recorded source website ↗
Record provenance
Stable record: arkansas_code:legal_authorities:15-5-713
Source file: gov.ar.code.title.15.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 00f7ada3e01663bba74b277b809fd812eb28c7e918c461842e3ab2f3a67a564f
Source location: content.xml paragraph 8593
Stored source content
15-5-713. Funding of qualified investments.
(a) The Arkansas Development Finance Authority may approve the use of funds for qualified investments upon such terms and conditions and for such periods of time as shall be recommended by the President of the Arkansas Development Finance Authority and approved by the Board of Directors of the Arkansas Development Finance Authority from:
(1) Cash funds held by the authority; and
(2) The Venture Capital Investment Trust.
(b) The board shall not approve a qualified investment that:
(1) Does not further the purposes of this subchapter; and
(2) Is not in the best interest of the state.
Cross-references
Connections may be documented source relationships, shared citations or nearby passages. Each explains its basis; a connection alone does not establish applicability to your situation.
No explicit source connection was found. This does not mean there are no relevant authorities.