Statutes > Arkansas Statutes > Title 15 - Natural Resources and Economic Development > Subtitle 1 - Development Of Economic And Natural Resources Generally > Chapter 4 - Development Of Business And Industry Generally > Subchapter 4 - Jobs Creation by Stimulating Small Business Growth Act of 1985 > § 15-4-404 - Promulgation of rules and regulations generally.

§ 15-4-404 - Promulgation of rules and regulations generally.

15-4-404. Promulgation of rules and regulations generally.

The Arkansas Economic Development Council shall promulgate rules, regulations, and procedures to be followed by the Division of Minority Business Enterprise of the Arkansas Economic Development Commission:

(1) In administering the provisions of this subchapter; and

(2) In the making of loans to small business investment companies or in the purchase from the companies of loans made to small business concerns in compliance with the provisions of this subchapter.