Arkansas Code § 15-5-712 - Power to Make Grants and Loans

The Arkansas Development Finance Authority may make grants, direct loans, or loan guaranties to:

(1) New or existing:

(A) Title IX revolving loan funds;

(B) Small business investment companies; and

(C) Specialized small business investment companies;

(2) The Division of Minority Business Enterprise of the Arkansas Economic Development Commission; and

(3) A certified Community Development Financial Institution under the Riegle Community Development and Regulatory Improvement Act of 1994, Pub. L. No. 103-325.

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Last modified: November 15, 2016