(a) There is created on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a miscellaneous fund to be known as the 'New Markets Performance Guarantee Fund'.(b) The fund shall consist of: (1) Fees paid under § 15-4-3609;(2) Grants made by a person, organization, or federal or state government agency; and(3) Any other funds provided by law.(c) The fund shall be used by the Arkansas Economic Development Commission to guarantee qualified community development entities' performance under the New Markets Jobs Act of 2013, § 15-4-3601 et seq.Added by Act 2013, No. 1474,§ 2, eff. 4/22/2013.
Arkansas Legal Code