(a) The Arkansas Development Finance Authority shall have the power to extend a capital guaranty of obligations issued by the designated investor group.
(b) The capital guaranty shall be secured by:
(1) The authority guaranty, subject to the limits establish by the authority; and
(2) Tax credits.
(c) The authority may charge a reasonable fee for costs and the fair compensation of risk associated with its guaranty.
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 14 - Venture Capital Investment Act of 2001
§ 15-5-1404. Designated investor group
§ 15-5-1407. Registration of tax credits
§ 15-5-1409. Powers of the Arkansas Development Finance Authority
§ 15-5-1410. Legislative findings
§ 15-5-1411. Creation of the Arkansas Venture Capital Development Fund
§ 15-5-1412. Eligibility for financial assistance — Limitation
§ 15-5-1413. Funding of Arkansas Venture Capital Development Fund
§ 15-5-1416. Powers of the trustees of the Venture Capital Investment Trust