§ 15-4-404 - Promulgation of rules and regulations generally. - Arkansas Statutes

15-4-404. Promulgation of rules and regulations generally.

The Arkansas Economic Development Council shall promulgate rules, regulations, and procedures to be followed by the Division of Minority Business Enterprise of the Arkansas Economic Development Commission:

(1) In administering the provisions of this subchapter; and

(2) In the making of loans to small business investment companies or in the purchase from the companies of loans made to small business concerns in compliance with the provisions of this subchapter.