Ark. Code Ann. § 22-3-1903: Loans

(a) Under the Sustainable Building Design Program for State Agencies, the Building Authority Division may authorize money to be loaned from the Sustainable Building Design Revolving Loan Fund to a state agency, board, or commission. (b) A loan made under subsection (a) of this section shall be: (1) For a renovation of state-owned property; and (2) In an amount that exceeds two hundred fifty thousand dollars ($250,000). (c) (1) The division shall credit an origination fee to the Building Authority Division Maintenance Fund for expenses associated with the administration of the program. (2) The term for repayment of the loan may not exceed ten (10) years. Amended by Act 2019, No. 910,§ 6224, eff. 7/1/2019. Amended by Act 2015EX1, No. 8,§ 54, eff. 7/1/2015. Amended by Act 2015EX1, No. 7,§ 54, eff. 7/1/2015. Acts 2009, No. 1372, § 1.

(a) Under the Sustainable Building Design Program for State Agencies, the Building Authority Division may authorize money to be loaned from the Sustainable Building Design Revolving Loan Fund to a state agency, board, or commission.

(b) A loan made under subsection (a) of this section shall be: (1) For a renovation of state-owned property; and (2) In an amount that exceeds two hundred fifty thousand dollars ($250,000).

(1) For a renovation of state-owned property; and

(2) In an amount that exceeds two hundred fifty thousand dollars ($250,000).

(c) (1) The division shall credit an origination fee to the Building Authority Division Maintenance Fund for expenses associated with the administration of the program. (2) The term for repayment of the loan may not exceed ten (10) years.

(1) The division shall credit an origination fee to the Building Authority Division Maintenance Fund for expenses associated with the administration of the program.

(2) The term for repayment of the loan may not exceed ten (10) years.