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ARKANSAS STATUTES AND CODES

§ 15-5-1405 - Guaranty.

15-5-1405. Guaranty.

(a) The Arkansas Development Finance Authority shall have the power to extend a capital guaranty of obligations issued by the designated investor group.

(b) The capital guaranty shall be secured by:

(1) The authority guaranty, subject to the limits establish by the authority; and

(2) Tax credits.

(c) The authority may charge a reasonable fee for costs and the fair compensation of risk associated with its guaranty.

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