(a) With approval of the Division of Environmental Quality, the Arkansas Development Finance Authority may:
(1) Make secured or unsecured loans from the Brownfield Revolving Loan Fund;
(2) Award grants from the fund;
(3) Collect interest on any loans issued; and
(4) Assess penalties on late loan payments.
(b) Loans issued under this subchapter may contain an acceleration clause.
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 15 - Arkansas Brownfield Revolving Loan Fund Act
§ 15-5-1503. Brownfield Revolving Loan Fund — Establishment — Uses
§ 15-5-1504. Brownfield Revolving Loan Fund — Sources — Deposits
§ 15-5-1505. Brownfield Revolving Loan Fund — Administration
§ 15-5-1507. Allocation from Treasurer of State
§ 15-5-1508. Security for bonds
§ 15-5-1509. Administrative fees