GroundRules
Ark. Code Ann. § 15-5-1506: Loans - Grants
Where this section sits in the code
- AR Code
- Title 15
- Chapter 5
- Subchapter 15
(a) With approval of the Division of Environmental Quality, the Arkansas Development Finance Authority may: (1) Make secured or unsecured loans from the Brownfield Revolving Loan Fund; (2) Award grants from the fund; (3) Collect interest on any loans issued; and (4) Assess penalties on late loan payments. (b) Loans issued under this subchapter may contain an acceleration clause. Amended by Act 2019, No. 910,§ 3050, eff. 7/1/2019. Acts 2003, No. 1194, § 1.
(a) With approval of the Division of Environmental Quality, the Arkansas Development Finance Authority may: (1) Make secured or unsecured loans from the Brownfield Revolving Loan Fund; (2) Award grants from the fund; (3) Collect interest on any loans issued; and (4) Assess penalties on late loan payments.
(1) Make secured or unsecured loans from the Brownfield Revolving Loan Fund;
(2) Award grants from the fund;
(3) Collect interest on any loans issued; and
(4) Assess penalties on late loan payments.
(b) Loans issued under this subchapter may contain an acceleration clause.
Collected 2026-09-17T21:35:43Z. Source file · JSON
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Arkansas electronic product files were republished by Public.Resource.Org under a public-domain mark. GroundRules uses enacted text from Release 78 only as a labeled supplement to the newer Open US Law rows. Source