(a)
(1) Except as provided in subsection (b) of this section, the Arkansas Development Finance Authority is hereby recognized as the primary administrator of federal allocations of private activity and governmental volume cap that are and may be allocated to the State of Arkansas by the United States Department of the Treasury.
(2) All plans, policies, and procedures developed for the administration of volume cap allocations will be subject to the Arkansas Administrative Procedure Act, § 25-15-201 et seq.
(b) This section shall not apply to § 15-5-601 et seq.
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 3 - Arkansas Development Finance Authority Act — Bonds
§ 15-5-301. Power to issue bonds
§ 15-5-302. Underwriters and experts
§ 15-5-303. Exclusive issuer of revenue bonds for public facilities
§ 15-5-304. Exclusive issuer of mortgage bonds
§ 15-5-305. Authorized investors
§ 15-5-307. Request to issue certain bonds
§ 15-5-308. Notice of issue — Disapproval
§ 15-5-309. Authorizing resolution and trust indenture — Terms and qualities of bonds
§ 15-5-312. Statement on face of bond — Security
§ 15-5-313. Pledge valid and binding — Lien
§ 15-5-315. Securing deposit of public funds
§ 15-5-316. No personal liability
§ 15-5-317. Power to enter into an interest rate exchange agreement or similar agreement or contract