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Arkansas · Snapshot open-us-law v2026.08, retrieved 2026-09-17

Ark. Code Ann. § 20-78-505: Loan guarantees - Annual report

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Where this section sits in the code
  1. AR Code
  2. Title 20
  3. Chapter 78
  4. Subchapter 5

(a) The Division of Child Care and Early Childhood Education is authorized to develop and implement, with the technical assistance of the Arkansas Early Childhood Commission, necessary rules to receive, review, and approve applications for loan deficiency guarantee assistance for expansion or development of childcare facilities in this state. (b) The maximum loan guarantee amount approved by the division shall be modified as necessary to ensure adequate childcare financing availability. (c) In guaranteeing loans under this subchapter, consideration shall be given to: (1) Geographic distribution; (2) Community need; (3) Community income, with priority given to those communities with the lowest median family income; (4) Proof of viable administrative and financial management; and (5) Intended licensure of the facility. (d) The division shall report each October to the Legislative Council on the status of the Arkansas Child Care Facilities Loan Guarantee Trust Fund. Amended by Act 2019, No. 315,§ 2297, eff. 7/24/2019. Acts 1989, No. 202, § 1; 1997, No. 540, § 44; 1997, No. 1132, § 28.

(a) The Division of Child Care and Early Childhood Education is authorized to develop and implement, with the technical assistance of the Arkansas Early Childhood Commission, necessary rules to receive, review, and approve applications for loan deficiency guarantee assistance for expansion or development of childcare facilities in this state.

(b) The maximum loan guarantee amount approved by the division shall be modified as necessary to ensure adequate childcare financing availability.

(c) In guaranteeing loans under this subchapter, consideration shall be given to: (1) Geographic distribution; (2) Community need; (3) Community income, with priority given to those communities with the lowest median family income; (4) Proof of viable administrative and financial management; and (5) Intended licensure of the facility.

(1) Geographic distribution;

(2) Community need;

(3) Community income, with priority given to those communities with the lowest median family income;

(4) Proof of viable administrative and financial management; and

(5) Intended licensure of the facility.

(d) The division shall report each October to the Legislative Council on the status of the Arkansas Child Care Facilities Loan Guarantee Trust Fund.

Collected 2026-09-17T21:35:43Z. Source file · JSON

Compilation CC BY 4.0, Open US Law (Vaquill AI). GroundRules uses only the releases published under CC BY 4.0: from v2026.09 the compilation is licensed CC BY-NC 4.0, and GroundRules does not use those releases. Each affected row names its release in its vintage label. GroundRules parsed and filtered the compilation to retain enacted text. Source · License

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

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