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

Ark. Code Ann. § 6-62-1203: Loan approval process

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Where this section sits in the code
  1. AR Code
  2. Title 6
  3. Chapter 62
  4. Subchapter 12

(a) (1) An applicant for a loan from the Sustainable Building Maintenance Program for State-Supported Institutions of Higher Education Revolving Loan Fund under § 6-62-1202 shall apply for the loan on a form approved by the Division of Higher Education. (2) The division shall review an application submitted under subdivision (a)(1) of this section to determine if the applicant satisfies the eligibility criteria for a loan from the fund. (b) The division shall provide an applicant for a loan from the fund with written notice of its determination regarding whether to offer the applicant a loan from the fund and any conditions for making the loan from the fund. (c) After an applicant for a loan from the fund has satisfied the preconditions, if any, for the division's approval of the applicant's loan application and has executed a contract for the loan from the fund, the division shall present the contract for the loan from the fund to the Arkansas Higher Education Coordinating Board for its approval. Added by Act 2023, No. 751,§ 1, eff. 8/1/2023.

(a) (1) An applicant for a loan from the Sustainable Building Maintenance Program for State-Supported Institutions of Higher Education Revolving Loan Fund under § 6-62-1202 shall apply for the loan on a form approved by the Division of Higher Education. (2) The division shall review an application submitted under subdivision (a)(1) of this section to determine if the applicant satisfies the eligibility criteria for a loan from the fund.

(1) An applicant for a loan from the Sustainable Building Maintenance Program for State-Supported Institutions of Higher Education Revolving Loan Fund under § 6-62-1202 shall apply for the loan on a form approved by the Division of Higher Education.

(2) The division shall review an application submitted under subdivision (a)(1) of this section to determine if the applicant satisfies the eligibility criteria for a loan from the fund.

(b) The division shall provide an applicant for a loan from the fund with written notice of its determination regarding whether to offer the applicant a loan from the fund and any conditions for making the loan from the fund.

(c) After an applicant for a loan from the fund has satisfied the preconditions, if any, for the division's approval of the applicant's loan application and has executed a contract for the loan from the fund, the division shall present the contract for the loan from the fund to the Arkansas Higher Education Coordinating Board for its approval.

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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