Arkansas § 15-4-406 - Authority to issue revenue bonds — Loan funds.
Full text of Arkansas Arkansas Code of 1987 Annotated § 15-4-406 — Authority to issue revenue bonds — Loan funds., with citation guidance and answers to common questions.
§ 15-4-406. Authority to issue revenue bonds — Loan funds.
To stimulate the flow of private funds for capital improvements to small business concerns, the Arkansas Economic Development Council is authorized to: Issue revenue bonds to obtain funds to be administered through the Division of Minority Business Enterprise of the Arkansas Economic Development Commission to make investment loans to small business concerns insured by the United States Small Business Administration; and Provide funds whereby the division may purchase from small business investment companies small business enterprise loans for capital improvements and expansions guaranteed by the United States Small Business Administration, thereby making available to such small business investment companies additional loan funds.
Source: official Arkansas text · Last verified 2026-08-27
Frequently Asked Questions About Arkansas § 15-4-406
What does Arkansas Code of 1987 Annotated § 15-4-406 cover?
Section 15-4-406 ("Authority to issue revenue bonds — Loan funds.") 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 § 15-4-406?
A common citation format is "Arkansas Code of 1987 Annotated § 15-4-406" (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 § 15-4-406 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.