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ARKANSAS STATUTES AND CODES
§ 15-5-1506 - Loans -- Grants.
15-5-1506. Loans -- Grants.
(a) With approval of the Arkansas Department of Environmental Quality, the Arkansas Finance Development Corporation may:
(1) Make secured or unsecured loans from the Brownfield Revolving Loan Fund;
(2) Award grants from the fund;
(3) Collect interest on any loans issued; and
(4) Assess penalties on late loan payments.
(b) Loans issued under this subchapter may contain an acceleration clause.
(a) With approval of the Arkansas Department of Environmental Quality, the Arkansas Finance Development Corporation may:
(1) Make secured or unsecured loans from the Brownfield Revolving Loan Fund;
(2) Award grants from the fund;
(3) Collect interest on any loans issued; and
(4) Assess penalties on late loan payments.
(b) Loans issued under this subchapter may contain an acceleration clause.
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