Arkansas Code § 15-5-1506 - Loans -- Grants

(a) With approval of the Arkansas Department of Environmental Quality, the Arkansas Finance Development Corporation 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.

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Last modified: November 15, 2016