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8-5-804. Eligible activities.
Arkansas Code — all titles (historical 2020) · legal_authorities
8-5-804. Eligible activities.
(a) Moneys deposited into the Small Business Revolving Loan Fund within the Division of Environmental Quality may be:
(1) Loaned to eligible participants to pay the direct costs of projects which are designed to correct or avoid violations of federal environmental regulations or state environmental rules and have received a certificate of need from the division; or
(2) Expended to pay costs incurred by the division to provide management of lending activities.
(b)(1) It is the purpose of this subchapter to authorize the division to establish and administer a revolving loan fund to encourage the investment in pollution control, pollution prevention, and waste reduction practices in Arkansas.
(2) Such a fund will promote sustainable economic development in Arkansas by establishing a publicly capitalized revolving loan fund to make loans to small businesses for projects to meet regulatory mandates in pollution control or to adopt pollution prevention technologies.
(3) Operating expenses associated with proofing a process change or equipment modification would be an eligible loan activity.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 8-5-804
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:8-5-804
Source file: gov.ar.code.title.08.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 7bba42067c54677fda6d33f098368fbc11190eaa635607c806dae63dee7a56ec
Source location: content.xml paragraph 3164
Stored source content
8-5-804. Eligible activities.
(a) Moneys deposited into the Small Business Revolving Loan Fund within the Division of Environmental Quality may be:
(1) Loaned to eligible participants to pay the direct costs of projects which are designed to correct or avoid violations of federal environmental regulations or state environmental rules and have received a certificate of need from the division; or
(2) Expended to pay costs incurred by the division to provide management of lending activities.
(b)(1) It is the purpose of this subchapter to authorize the division to establish and administer a revolving loan fund to encourage the investment in pollution control, pollution prevention, and waste reduction practices in Arkansas.
(2) Such a fund will promote sustainable economic development in Arkansas by establishing a publicly capitalized revolving loan fund to make loans to small businesses for projects to meet regulatory mandates in pollution control or to adopt pollution prevention technologies.
(3) Operating expenses associated with proofing a process change or equipment modification would be an eligible loan activity.
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