(a) There is created within the Arkansas Development Finance Authority the Capital Access Fund.
(b)
(1) All moneys deposited into the fund are for the purpose of making payments to loan loss reserve accounts established under § 15-5-1106.
(2) All moneys available for deposit into the fund shall be restricted to only such cash funds available to the authority for the purposes provided in this subchapter.
(c) Moneys in the fund may be invested as provided in § 15-5-407.
Structure Arkansas Code
Title 15 - Natural Resources and Economic Development
Subtitle 1 - Development Of Economic And Natural Resources Generally
Chapter 5 - Arkansas Development Finance Authority
Subchapter 11 - Arkansas Capital Access Program for Small Business Act of 1993
§ 15-5-1102. Legislative findings and declaration of public necessity
§ 15-5-1104. Contracts with financial institutions — Contents of contract
§ 15-5-1105. Capital Access Fund — Use — Investment earnings — Administrative expenses
§ 15-5-1106. Loss reserve accounts — Limitation on amount
§ 15-5-1107. Enrollment of qualified loan — Procedure — Fee — Transfers to loss reserve account
§ 15-5-1108. Claims for reimbursement of losses — Amounts subject to reimbursement