Statutes > Arkansas Statutes > Title 15 - Natural Resources and Economic Development > Subtitle 1 - Development Of Economic And Natural Resources Generally > Chapter 5 - Arkansas Development Finance Authority > Subchapter 15 - Arkansas Brownfield Revolving Loan Fund Act > § 15-5-1510 - Collection of fees.

§ 15-5-1510 - Collection of fees.

15-5-1510. Collection of fees.

(a) (1) With approval of the Arkansas Department of Environmental Quality, the Arkansas Development Finance Authority may collect administrative fees and remit the fees directly to the authority within fifteen (15) days after each payment is collected.

(2) The authority shall remit any administrative fee owed to the department, and the fees shall be deposited into the Brownfield Revolving Loan Fund on a quarterly basis.

(3) Any administrative fees owed to the authority shall not be deposited into the fund.