Ark. Code Ann. § 15-5-1405: Guaranty

(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.