Ark. Code Ann. § 15-4-603: Arkansas Economic Development Council empowered to grant or deny guaranty bonds

The Arkansas Economic Development Council, called the "council", in addition to all the duties and functions defined in §§ 15-4-101 , 15-4-102 , 15-4-201 - 15-4-204 , 15-4-206 , 15-4-209 - 15-4-212 , and 15-4-501 - 15-4-525 , is empowered to approve or deny by majority vote of the membership of the council the guaranty as provided in this subchapter of amortization payments on Act No. 9 bonds or ADFA bonds, subject to the provisions, restrictions, and conditions set forth in this subchapter.