The Arkansas Economic Development Council, called the “council”, in addition to all the duties and functions defined in §§ 15-4-101, 15-4-102, 15-4-201 — 15-4-204, 15-4-206, 15-4-209 — 15-4-212, and 15-4-501 — 15-4-525, is empowered to approve or deny by majority vote of the membership of the council the guaranty as provided in this subchapter of amortization payments on Act No. 9 bonds or ADFA bonds, subject to the provisions, restrictions, and conditions set forth in this subchapter.
Structure Arkansas Code
Title 15 - Natural Resources and Economic Development
Subtitle 1 - Development Of Economic And Natural Resources Generally
Chapter 4 - Development Of Business And Industry Generally
Subchapter 6 - Industrial Revenue Bond Guaranty Law
§ 15-4-603. Arkansas Economic Development Council empowered to grant or deny guaranty bonds
§ 15-4-604. When bonds may be guaranteed — Standards and rules for evaluations
§ 15-4-605. Revenue Bond Guaranty Reserve Account — Investment of funds
§ 15-4-606. Evidence to support guaranty — Review of applications
§ 15-4-607. Power to accept grants