Arkansas § 15-4-604 - When bonds may be guaranteed — Standards and rules for evaluations.
Full text of Arkansas Arkansas Code of 1987 Annotated § 15-4-604 — When bonds may be guaranteed — Standards and rules for evaluations., with citation guidance and answers to common questions.
§ 15-4-604. When bonds may be guaranteed — Standards and rules for evaluations.
Amortization payments on Act No. 9 bonds and ADFA bonds may be guaranteed in instances when: Substantial employment is involved; The total principal amount of all outstanding Act No. 9 bonds and ADFA bonds under guaranty is not in excess of one hundred million dollars ($100,000,000); No one (1) issue or series of Act No. 9 bonds or ADFA bonds guaranteed under this section shall exceed five million dollars ($5,000,000) in principal amount; The user of the industrial project involved is not permitted to purchase or own at any time any of such bonds; and The user is found to be financially responsible and the full payment of the interest and principal amount of the bonds may reasonably be expected. The Arkansas Economic Development Council shall promulgate standards and rules for the evaluation of the financial condition and business history of users.
Source: official Arkansas text · Last verified 2026-08-27
Frequently Asked Questions About Arkansas § 15-4-604
What does Arkansas Code of 1987 Annotated § 15-4-604 cover?
Section 15-4-604 ("When bonds may be guaranteed — Standards and rules for evaluations.") 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 § 15-4-604?
A common citation format is "Arkansas Code of 1987 Annotated § 15-4-604" (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 § 15-4-604 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.