Ark. Code Ann. § 15-5-1405: Guaranty
Where this section sits in the code
- AR Code
- Title 15
- Chapter 5
- Subchapter 14
(a) The Arkansas Development Finance Authority shall have the power to extend a capital guaranty of obligations issued by the designated investor group. (b) The capital guaranty shall be secured by: (1) The authority guaranty, subject to the limits establish by the authority; and (2) Tax credits. (c) The authority may charge a reasonable fee for costs and the fair compensation of risk associated with its guaranty. Acts 2001, No. 1791, § 5.
(a) The Arkansas Development Finance Authority shall have the power to extend a capital guaranty of obligations issued by the designated investor group.
(b) The capital guaranty shall be secured by: (1) The authority guaranty, subject to the limits establish by the authority; and (2) Tax credits.
(1) The authority guaranty, subject to the limits establish by the authority; and
(2) Tax credits.
(c) The authority may charge a reasonable fee for costs and the fair compensation of risk associated with its guaranty.
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