{"data":{"id":"us-ar/ark.-code-ann.-15-5-712","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 15-5-712","heading":"Power to make grants and loans","body":"The Arkansas Development Finance Authority may make grants, direct loans, or loan guaranties to: (1) New or existing: (A) Title IX revolving loan funds; (B) Small business investment companies; and (C) Specialized small business investment companies; (2) The Division of Minority and Women-owned Business Enterprise of the Arkansas Economic Development Commission; (3) A certified community development financial institution under the Riegle Community Development and Regulatory Improvement Act of 1994, Pub. L. No. 103-325; and (4) An entrepreneur as described in the Entrepreneur Fee Waiver Pilot Program under § 15-5-714 . Amended by Act 2017, No. 857,§ 1, eff. 8/1/2017. Amended by Act 2015, No. 1060,§ 14, eff. 4/4/2015. Acts 1991, No. 775, § 6; 1991, No. 874, § 6.\n\nThe Arkansas Development Finance Authority may make grants, direct loans, or loan guaranties to:\n\n(1) New or existing: (A) Title IX revolving loan funds; (B) Small business investment companies; and (C) Specialized small business investment companies;\n\n(A) Title IX revolving loan funds;\n\n(B) Small business investment companies; and\n\n(C) Specialized small business investment companies;\n\n(2) The Division of Minority and Women-owned Business Enterprise of the Arkansas Economic Development Commission;\n\n(3) A certified community development financial institution under the Riegle Community Development and Regulatory Improvement Act of 1994, Pub. L. No. 103-325; and\n\n(4) An entrepreneur as described in the Entrepreneur Fee Waiver Pilot Program under § 15-5-714 .","path":["AR Code","Title 15","Chapter 5","Subchapter 7"],"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":"30ee8a20752c4467fdcf3c5a9294691b31416f430964ed02eef0331a3b2cab54","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-15-5-711","next":"us-ar/ark.-code-ann.-15-5-713"},"notice":"GroundRules: Original legal text. Not legal advice."}