Statutes, codes, and regulations
Arkansas Code of 1987
Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENTSubtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLYChapter 5 - ARKANSAS DEVELOPMENT FINANCE AUTHORITY
Subchapter 4 - ARKANSAS DEVELOPMENT FINANCE AUTHORITY BOND GUARANTY ACT OF 1985
Section 15-5-406 - Standards and rules for evaluations

Ark. Code § 15-5-406

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Current with legislation from 2024 effective through May 3, 2024.
Section 15-5-406 - Standards and rules for evaluations

The Arkansas Development Finance Authority shall promulgate standards and rules for the evaluation of the financial condition and business history of developers and may require the attachment to each application for guaranty under this subchapter of a financial report and evaluation by an independent certified public accounting firm, in addition to such examination and evaluation as the authority may make, in determining whether the developer meets prescribed minimum standards and qualifications before entering into any guaranty under this subchapter.

Ark. Code § 15-5-406

Amended by Act 2019, No. 315,§ 1077, eff. 7/24/2019.
Acts 1985, No. 340, § 5; 1985, No. 505, § 5; A.S.A. 1947, § 13-2928; Acts 1987, No. 1042, § 3.