Ark. Code § 15-5-1703

Current with legislation from 2024 effective through May 3, 2024.

Section 15-5-1703 - Definitions

As used in this subchapter:

(1) "Authority" means the Arkansas Development Finance Authority;

(2) "Board" means the Board of Directors of the Arkansas Development Finance Authority;

(3) "Eligible activities" means activities eligible for funding by the Arkansas Housing Trust Fund, as set forth in this subchapter;

(4) "Eligible applicants" means persons or entities eligible to receive funds from the fund, as set forth in this subchapter;

(5) "Housing trust fund" means the fund created in § 15-5-1704; and

(6) "Median household income" means state or area median household income, as defined and adjusted annually by the United States Department of Housing and Urban Development.

Ark. Code § 15-5-1703

Amended by Act 2023, No. 365,§ 28, eff. 7/1/2023.

Acts 2009, No. 661, § 1.