Browse Arkansas Code titles and sections
22-3-1903. Loans.
Arkansas Code — all titles (historical 2020) · legal_authorities
22-3-1903. Loans.
(a) Under the Sustainable Building Design Program for State Agencies, the Building Authority Division may authorize money to be loaned from the Sustainable Building Design Revolving Loan Fund to a state agency, board, or commission.
(b) A loan made under subsection (a) of this section shall be:
(1) For a renovation of state-owned property; and
(2) In an amount that exceeds two hundred fifty thousand dollars ($250,000).
(c)(1) The division shall credit an origination fee to the Building Authority Division Maintenance Fund for expenses associated with the administration of the program.
(2) The term for repayment of the loan may not exceed ten (10) years.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 22-3-1903
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:22-3-1903
Source file: gov.ar.code.title.22.odt
Pages: Not recorded – Not recorded
Passage SHA-256: b636720978c6e4989db4114b0b78a8629dc02bf67eeb118cdd49bff2e1b8efd8
Source location: content.xml paragraph 3024
Stored source content
22-3-1903. Loans.
(a) Under the Sustainable Building Design Program for State Agencies, the Building Authority Division may authorize money to be loaned from the Sustainable Building Design Revolving Loan Fund to a state agency, board, or commission.
(b) A loan made under subsection (a) of this section shall be:
(1) For a renovation of state-owned property; and
(2) In an amount that exceeds two hundred fifty thousand dollars ($250,000).
(c)(1) The division shall credit an origination fee to the Building Authority Division Maintenance Fund for expenses associated with the administration of the program.
(2) The term for repayment of the loan may not exceed ten (10) years.
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