Arkansas § 15-5-1412 - Eligibility for financial assistance — Limitation.
Full text of Arkansas Arkansas Code of 1987 Annotated § 15-5-1412 — Eligibility for financial assistance — Limitation., with citation guidance and answers to common questions.
§ 15-5-1412. Eligibility for financial assistance — Limitation.
For a technology-based enterprise or venture capital fund to be eligible for financial assistance under this subchapter, the technology-based enterprise or venture capital fund shall: Demonstrate that at least one dollar ($1.00) of financial assistance provided by the Arkansas Venture Capital Development Fund will result in at least one dollar ($1.00) of new private financial assistance; Demonstrate a reasonable expectation that financial assistance from the Arkansas Venture Capital Development Fund can, over time, result in private financial assistance that is at least ten (10) times the amount of financial assistance provided by the Arkansas Venture Capital Development Fund; and Have no more than five hundred (500) employees. Funds from the Arkansas Venture Capital Development Fund shall not be used to provide financial assistance that exceeds five million dollars ($5,000,000) to any single technology-based enterprise or venture capital fund.
Source: official Arkansas text · Last verified 2026-08-27
Frequently Asked Questions About Arkansas § 15-5-1412
What does Arkansas Code of 1987 Annotated § 15-5-1412 cover?
Section 15-5-1412 ("Eligibility for financial assistance — Limitation.") 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 § 15-5-1412?
A common citation format is "Arkansas Code of 1987 Annotated § 15-5-1412" (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 § 15-5-1412 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.