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ARKANSAS STATUTES AND CODES

§ 15-4-905 - Supervision.

15-4-905. Supervision.

(a) Each development finance corporation organized under the provisions of this subchapter shall be subject to the supervision, examination, and control of the Bank Commissioner. It shall make such reports of its condition to the commissioner as the commissioner shall prescribe.

(b) The commissioner is authorized to charge each development finance corporation under the commissioner's supervision assessment fees in order to defray the expenses of department supervision and examination at the rate of forty-five dollars ($45.00) per examiner per hour of examination.

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