Arkansas § 15-4-3013 - Powers of the Arkansas Economic Development Commission.
Full text of Arkansas Arkansas Code of 1987 Annotated § 15-4-3013 — Powers of the Arkansas Economic Development Commission., with citation guidance and answers to common questions.
§ 15-4-3013. Powers of the Arkansas Economic Development Commission.
In addition to powers conferred under other laws, the Arkansas Economic Development Commission may take any action necessary to carry out the purposes of this subchapter, including the power to: Provide loans and grants from bond proceeds or project revenues to local entities and to authorize local entities to make loans to other persons for financing superprojects; Cause the Arkansas Development Finance Authority to purchase with bond proceeds or project revenues, bonds or notes from a local entity in order to provide funds for financing superprojects and to enter into note and bond purchase agreements in connection with those purchases; Fix, regulate, and collect rates, fees, rents, or other charges for making any loan or commitment under this subchapter and for performing accounting and loan servicing duties relating to the loans; Require audits of all accounts related to construction, operation, or maintenance of any superproject funded by this subchapter; Take reasonable actions necessary to ensure that debt service requirements are met; Refinance loans made by the authority from whatever source to local entities in order to develop a superproject; Provide loans from bond proceeds or project revenues to local entities for the purpose of refinancing indebtedness of the local entity incurred for the purpose of financing a superproject; and Take any other action necessary to accomplish the purposes of this subchapter.
Source: official Arkansas text · Last verified 2026-08-27
Frequently Asked Questions About Arkansas § 15-4-3013
What does Arkansas Code of 1987 Annotated § 15-4-3013 cover?
Section 15-4-3013 ("Powers of the Arkansas Economic Development Commission.") is part of the Arkansas Code of 1987 Annotated, the codified statutory law of Arkansas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Arkansas § 15-4-3013?
A common citation format is "Arkansas Code of 1987 Annotated § 15-4-3013" (Arkansas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Arkansas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arkansas official source linked on this page or consult a licensed Arkansas attorney.
How does Arkansas § 15-4-3013 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arkansas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Arkansas.