§ 15-5-406 - Standards and regulations for evaluations. - Arkansas Statutes

15-5-406. Standards and regulations for evaluations.

The Arkansas Development Finance Authority shall promulgate standards and regulations 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.