Arkansas Code Title 15, Subtitle 1, Chapter 5, Subchapter 14 - Venture Capital Investment Act of 2001

• § 15-5-1401 - Title.
  This subchapter shall be known and may be cited as the "Venture Capital Investment Act of 2001".
• § 15-5-1402 - Purpose.
  The State of Arkansas desires to increase the availability of equity and near-equity capital for emerging, expanding, relocating, and restructuring enterprises in the state....
• § 15-5-1403 - Definitions.
  As used in this subchapter: (1) "Authority" means the Arkansas Development Finance Authority; (2) "Bond guaranty" means a special obligation of the Bond Guaranty...
• § 15-5-1404 - Designated Investor Group.
  (a) (1) The Arkansas Development Finance Authority shall solicit from investor groups investment plans for the raising and investing of capital in accordance with...
• § 15-5-1405 - Guaranty.
  (a) The Arkansas Development Finance Authority shall have the power to extend a capital guaranty of obligations issued by the designated investor group.(b) The...
• § 15-5-1406 - Tax Credits.
  (a) The State of Arkansas shall issue income tax credits that may be used to reduce the tax liability of a person, firm, or...
• § 15-5-1407 - Registration of Tax Credits.
  (a) The Arkansas Development Finance Authority, in conjunction with the Revenue Division of the Department of Finance and Administration, shall develop a system for...
• § 15-5-1408 - Annual Report.
  The designated investor group shall publish an annual report within six (6) months after the close of its fiscal year, which shall: (1) Include...
• § 15-5-1409 - Powers of the Arkansas Development Finance Authority.
  The Arkansas Development Finance Authority shall have the power to promulgate regulations and make any contract, execute any document, perform any act, or enter...

Last modified: November 15, 2016