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 6 - Industrial Revenue Bond Guaranty Law > § 15-4-603 - Arkansas Economic Development Council empowered to grant or deny guaranty bonds.

§ 15-4-603 - Arkansas Economic Development Council empowered to grant or deny guaranty bonds.

15-4-603. Arkansas Economic Development Council empowered to grant or deny guaranty bonds.

The Arkansas Economic Development Council, called the "council", in addition to all the duties and functions defined in 15-4-101, 15-4-102, 15-4-201 -- 15-4-204, 15-4-206, 15-4-209 -- 15-4-212, and 15-4-501 -- 15-4-525, is empowered to approve or deny by majority vote of the membership of the council the guaranty as provided in this subchapter of amortization payments on Act No. 9 bonds or ADFA bonds, subject to the provisions, restrictions, and conditions set forth in this subchapter.