(a) At least annually, the Arkansas Development Finance Authority shall prepare a report conforming to generally accepted accounting principles that describes the financial condition of the Capital Access Fund and describes the results and economic impact of the Arkansas Capital Access Program for Small Business and the Arkansas Credit Reserve Program.
(b) The reports required under this section shall be submitted to the Governor and to the Legislative Council.
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