Arkansas Code Title 15, Subtitle 1, Chapter 5, Subchapter 2 - Arkansas Development Finance Authority Act -- Administration

• § 15-5-201 - Creation of Authority.
  There is created, with such duties and powers as are hereinafter set forth to carry out the provisions of this subchapter and §§ 15-5-101...
• § 15-5-202 - Board of Directors -- Members.
  (a) (1) The Board of Directors of the Arkansas Development Finance Authority shall consist of the Director of the Department of Finance and Administration...
• § 15-5-203 - Board Officers and Employees.
  (a) Annually and at such other times as may be deemed appropriate by the Board of Directors of the Arkansas Development Finance Authority, the...
• § 15-5-204 - Prohibition on Personal Interests in Contracts.
  (a) (1) No officer or employee of the Arkansas Development Finance Authority for purpose of personal gain shall have or attempt to have, directly...
• § 15-5-205 - Board Meetings.
  (a) The powers of the Arkansas Development Finance Authority shall be vested in the members of the Board of Directors of the Arkansas Development...
• § 15-5-206 - [Repealed.]
• § 15-5-207 - Rights, Powers, Privileges, and Duties of Authority.
  (a) The Arkansas Development Finance Authority shall have such rights, powers, and privileges and shall be subject to such duties as provided by this...
• § 15-5-208 - Services of Public Entities to Authority -- Expenses.
  (a) All officers, departments, boards, agencies, divisions, and commissions of the state are authorized and empowered to render any and all of such services...
• § 15-5-209 - Disposition and Use of Funds.
  (a) All revenues received by the Arkansas Development Finance Authority, except revenues derived from appropriations, are specifically declared to be cash funds restricted in...
• § 15-5-210 - Annual Report.
  (a) On or before January 31 of each year, the Arkansas Development Finance Authority shall make an annual report of its activities for the...
• § 15-5-211 - Dissolution of the Authority.
  (a) The Arkansas Development Finance Authority may be dissolved by act of the General Assembly on condition that the authority has no debts or...
• § 15-5-212 - Approval of Legislative Council for Certain Matters.
  (a) The Arkansas Development Finance Authority shall not employ or select any investment banker, consultant, professional financial advisor, or attorney unless the selection criteria...
• § 15-5-213 - Correction Facilities Construction Fund.
  (a) There is established on the books of the Arkansas Development Finance Authority a special restricted fund to be known as the "Correction Facilities...
• § 15-5-214 - Criminal Background Check.
  (a) The Arkansas Development Finance Authority may require a state and federal criminal background check, which shall conform to the applicable federal standards and...

Last modified: November 15, 2016