Guaranty

  1. Law
  2. Arkansas Code
  3. Natural Resources and Economic Development
  4. Development Of Economic And Natural Resources Generally
  5. Arkansas Development Finance Authority
  6. Venture Capital Investment Act of 2001
  7. Guaranty

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  1. (a) The Arkansas Development Finance Authority shall have the power to extend a capital guaranty of obligations issued by the designated investor group.

  2. (b) The capital guaranty shall be secured by:

    1. (1) The authority guaranty, subject to the limits establish by the authority; and

    2. (2) Tax credits.

  3. (c) The authority may charge a reasonable fee for costs and the fair compensation of risk associated with its guaranty.


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