Each small-business person requesting a loan or guaranty or qualified investment under this subchapter shall submit to the Arkansas Development Finance Authority an application, supporting documents, and instruments as may be required by the rules promulgated by the authority pursuant to this subchapter and approved by a majority vote of the Board of Directors of the Arkansas Development Finance Authority.Amended by Act 2019, No. 315,§ 1086, eff. 7/24/2019.Acts 1989, No. 623, § 7; 1993, No. 183, § 4; 1995, No. 1329, § 6.
Arkansas Legal Code