As used in this subchapter:(1) 'Authority' means the Arkansas Development Finance Authority;(2) 'Board' means the Board of Directors of the Arkansas Development Finance Authority;(3) 'Eligible activities' means activities eligible for funding by the Arkansas Housing Trust Fund, as set forth in this subchapter;(4) 'Eligible applicants' means persons or entities eligible to receive funds from the fund, as set forth in this subchapter;(5) 'Housing trust fund' means the fund created in § 15-5-1704; and(6) 'Median household income' means state or area median household income, as defined and adjusted annually by the United States Department of Housing and Urban Development.Amended by Act 2023, No. 365,§ 28, eff. 7/1/2023.Acts 2009, No. 661, § 1.
Arkansas Legal Code