Arkansas § 15-5-1411 - Creation of the Arkansas Venture Capital Development Fund.
Full text of Arkansas Arkansas Code of 1987 Annotated § 15-5-1411 — Creation of the Arkansas Venture Capital Development Fund., with citation guidance and answers to common questions.
§ 15-5-1411. Creation of the Arkansas Venture Capital Development Fund.
There is established the Arkansas Venture Capital Development Fund, and within that Arkansas Venture Capital Development Fund the Arkansas Venture Capital Development Fund Account, which Arkansas Venture Capital Development Fund and Arkansas Venture Capital Development Fund Account shall be held by and maintained as a separate fund and separate account within the Venture Capital Investment Trust. The Arkansas Venture Capital Development Fund is a Direct Fund, as defined in § 15-5-703, created for the purpose of providing financial assistance to technology-based enterprises located in Arkansas with the expectation of: Developing jobs paying in excess of county and state average wages; Improving the growth, development, and advancement of technology-based enterprises; and Converting research and development activities and early stage technology-based enterprises into viable and productive commercial ventures. The Arkansas Venture Capital Development Fund shall target financial assistance toward: Technology-based enterprises that are in the early stages of development and that are not yet able to attract adequate private sources of traditional financing or venture or investor-backed capital for their growth and development; and Venture capital funds that have a direct connection to Arkansas and are focused on providing equity capital or near-equity capital to technology-based enterprises.
Source: official Arkansas text · Last verified 2026-08-27
Frequently Asked Questions About Arkansas § 15-5-1411
What does Arkansas Code of 1987 Annotated § 15-5-1411 cover?
Section 15-5-1411 ("Creation of the Arkansas Venture Capital Development Fund.") 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 § 15-5-1411?
A common citation format is "Arkansas Code of 1987 Annotated § 15-5-1411" (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 § 15-5-1411 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.