{"data":{"id":"us-ar/ark.-code-ann.-15-5-1506","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 15-5-1506","heading":"Loans - Grants","body":"(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.\n\n(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.\n\n(1) Make secured or unsecured loans from the Brownfield Revolving Loan Fund;\n\n(2) Award grants from the fund;\n\n(3) Collect interest on any loans issued; and\n\n(4) Assess penalties on late loan payments.\n\n(b) Loans issued under this subchapter may contain an acceleration clause.","path":["AR Code","Title 15","Chapter 5","Subchapter 15"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_ar_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:41Z","sha256":"fea89cd8991a9fd3131abb4faf580485583df5b4fef712ee222a6e7150087189","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-15-5-1505","next":"us-ar/ark.-code-ann.-15-5-1507"},"notice":"GroundRules: Original legal text. Not legal advice."}