(a) There is created on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a miscellaneous fund to be known as the "New Markets Performance Guarantee Fund".
(b) The fund shall consist of:
(1) Fees paid under § 15-4-3609;
(2) Grants made by a person, organization, or federal or state government agency; and
(3) Any other funds provided by law.
(c) The fund shall be used by the Arkansas Economic Development Commission to guarantee qualified community development entities' performance under the New Markets Jobs Act of 2013, § 15-4-3601 et seq.
Section: Previous 19-5-1244 19-5-1245 19-5-1246 19-5-1247 19-5-1248 19-5-1249 19-5-1250 19-5-1251 19-5-1252 19-5-1253 19-5-1254 19-5-1255 19-5-1256 19-5-1257 NextLast modified: November 15, 2016