reglab/housing_qa huggingface dataset:
AR Code § 15-5-903 (2020)
2020 Arkansas Code|Title 15 - Natural Resources and Economic Development|Subtitle 1 - Development Of Economic And Natural Resources Generally|Chapter 5 - Arkansas Development Finance Authority|Subchapter 9 - Construction Assistance Revolving Loans|§ 15-5-903. Fund — Grants — Deposits — Cash funds

 (a) The Arkansas Natural Resources Commission and the Arkansas Development Finance Authority as agent for the commission are authorized to accept grants for the use of the Construction Assistance Revolving Loan Fund from any state or federal agencies, municipalities, corporations, foundations, individual donors, or authorities, specifically including without limitation appropriations from the State Treasury as heretofore or hereafter provided.  (b) All moneys received by the commission or the authority under and pursuant to the provisions of this subchapter shall be deposited as and when received into the fund except as otherwise specifically provided by federal or state law.  (c)  (1) Except for moneys hereafter deposited into or paid to the commission or the authority for deposit into the State Grants Account, all moneys now or hereafter received for, deposited into, or paid to the commission or the authority for deposit into the fund are specifically declared to be cash funds restricted in their use and which shall not be deposited into the State Treasury or deemed to be a part of the State Treasury for the purposes of Arkansas Constitution, Article 5, § 29; Arkansas Constitution, Article 16, § 12; Arkansas Constitution, Amendment 20; or any other constitutional or statutory provisions but shall be held and applied by the commission or the authority as agent for the commission solely for the uses set forth in this subchapter.  (2) Interest and other moneys received from the investment of moneys, the purchase of bonds, notes, or other evidences of indebtedness issued by local governmental entities, or the making of loans with moneys in the fund, including in each case moneys in the State Grants Account, are declared to be cash funds restricted in their use and shall not be deposited into the State Treasury but shall be held and applied by the commission or the authority solely for the uses set forth in this subchapter.
AR Code § 15-5-904 (2020)
2020 Arkansas Code|Title 15 - Natural Resources and Economic Development|Subtitle 1 - Development Of Economic And Natural Resources Generally|Chapter 5 - Arkansas Development Finance Authority|Subchapter 9 - Construction Assistance Revolving Loans|§ 15-5-904. Fees for technical and administrative services

 (a)  (1) The Arkansas Natural Resources Commission may establish and collect fees for its technical and administrative services in connection with the planning, design, acquisition, construction, expansion, equipping, or rehabilitation of wastewater systems, water systems, solid and hazardous waste facilities, recycling facilities, nonpoint source management facilities, wetlands conservation and management facilities, and other environmental projects or parts of environmental projects and in connection with assessments, investigations, and remedial actions with respect to abandoned industrial, commercial, or agricultural sites, financed in whole or in part with moneys in the Construction Assistance Revolving Loan Fund.  (2) The authority granted in this section shall be supplemental to the authority granted to the commission under other laws to establish and collect fees for its services.    (b) The fees shall be payable in any one (1) or more of the following methods:  (1) From proceeds of loans, bonds, notes, or other evidences of indebtedness of a local governmental entity or other owner of an environmental project purchased from moneys in the fund;  (2) From proceeds of bonds issued by the commission or the Arkansas Development Finance Authority in connection with the fund; or  (3) From periodic payments due on the loans, bonds, notes, or other evidences of indebtedness of a local governmental entity or other owner of an environmental project purchased with moneys in the fund.    (c) If requested by the commission, the authority will collect the fees from the local governmental entities or other environmental project owners receiving financial assistance from the Construction Assistance Revolving Loan Fund and deposit the fees into the Construction Assistance Administrative Account within five (5) days after each periodic payment is made.
AR Code § 15-5-905 (2020)
2020 Arkansas Code|Title 15 - Natural Resources and Economic Development|Subtitle 1 - Development Of Economic And Natural Resources Generally|Chapter 5 - Arkansas Development Finance Authority|Subchapter 9 - Construction Assistance Revolving Loans|§ 15-5-905. Federal grants deposited into fund

 (a) The Arkansas Natural Resources Commission and the Arkansas Development Finance Authority may accept moneys for deposit into the Construction Assistance Revolving Loan Fund from allocations from the Treasurer of State under this section.  (b) Notwithstanding the provisions of §§ 19-6-108 and 19-6-601, grants received by the Treasurer of State from the federal government for deposit into the fund are declared to be cash funds restricted in their use and dedicated and are to be used solely as authorized in this subchapter.
AR Code § 15-5-906 (2020)
2020 Arkansas Code|Title 15 - Natural Resources and Economic Development|Subtitle 1 - Development Of Economic And Natural Resources Generally|Chapter 5 - Arkansas Development Finance Authority|Subchapter 9 - Construction Assistance Revolving Loans|§ 15-5-906. Security for bonds

 (a) The Arkansas Natural Resources Commission and, with the approval of the commission, the Arkansas Development Finance Authority may use the moneys in the Construction Assistance Revolving Loan Fund, excluding the State Grants Account, and use the assets acquired with moneys in the fund to secure the payment of the principal of and premium, if any, and interest on bonds issued by the commission or the authority if the proceeds of the bonds are deposited into the Construction Assistance Revolving Loan Fund Account and pay the principal of and premium, if any, and interest on and pay costs incurred in connection with bonds issued by the commission or the authority if proceeds of the bonds are deposited into the Construction Assistance Revolving Loan Fund Account.  (b) Subject to § 15-5-901(c), the commission and, with the approval of the commission, the authority may pledge the Construction Assistance Revolving Loan Fund Account, excluding the State Grants Account, and pledge the assets acquired with moneys in the Construction Assistance Revolving Loan Fund Account to secure the payment of the principal of and premium, if any, and interest on bonds issued by the commission or the authority if proceeds of the bonds are deposited into the Drinking Water State Revolving Loan Fund Account established by § 15-22-1102, consistent with applicable federal law and pay the principal of and premium, if any, and interest on and costs incurred in connection with bonds issued by the commission or the authority if proceeds of the bonds are deposited into the Drinking Water State Revolving Loan Fund Account established by § 15-22-1102, consistent with applicable federal law.  (c) Nothing in subsections (a) and (b) of this section shall be deemed to adversely affect pledges made by the authority to secure the payment of the principal of and premium, if any, and interest on bonds issued by the authority before July 1, 2003, so long as the bonds are outstanding.  (d) All accounts within the fund or subaccounts within the accounts established in § 15-5-901 pledged to secure the payment of the principal of and premium, if any, and interest on bonds issued by the authority before July 1, 2003, shall be maintained at the authority so long as the bonds are outstanding.
AR Code § 15-5-907 (2020)
2020 Arkansas Code|Title 15 - Natural Resources and Economic Development|Subtitle 1 - Development Of Economic And Natural Resources Generally|Chapter 5 - Arkansas Development Finance Authority|Subchapter 9 - Construction Assistance Revolving Loans|§ 15-5-907. Substitution of loans — Forgiveness of principal

 (a) The Arkansas Natural Resources Commission may remove any loan, bond, note, or other evidence of indebtedness purchased with moneys in the Construction Assistance Revolving Loan Fund Account from the account and substitute another loan, bond, note, or other evidence of indebtedness not then in default as to payment of any installment of principal, interest, or financing fee and having an equal or greater outstanding principal balance, made by the commission for a purpose authorized by this subchapter.  (b) The commission may forgive principal of loans made and bonds, notes, and other evidences of indebtedness purchased with moneys in the Construction Assistance Revolving Loan Fund, provided that principal may be forgiven only for loans made and bonds, notes, and other evidences of indebtedness purchased with moneys in the fund provided by the federal government under the Clean Water Act for the purpose of providing additional subsidization to eligible recipients in the form of forgiveness of principal, negative interest loans, or grants or any combination of principal, negative interest loans, or grants.
AR Code § 15-5-908 (2020)
2020 Arkansas Code|Title 15 - Natural Resources and Economic Development|Subtitle 1 - Development Of Economic And Natural Resources Generally|Chapter 5 - Arkansas Development Finance Authority|Subchapter 9 - Construction Assistance Revolving Loans|§ 15-5-908. Withholding general revenue turnback

 (a) Should any city, town, county, or political subdivision receiving general revenue turnback funds, as defined in the Revenue Stabilization Law, § 19-5-101 et seq., fail, neglect, or refuse to pay any installment of principal, interest, or financing fee for a period of more than ninety (90) calendar days past the due date in accordance with the written instrument for the repayment of its bonds, notes, or other evidences of indebtedness purchased with moneys in the Construction Assistance Revolving Loan Fund Account, the Arkansas Natural Resources Commission, after notification to the city, town, county, or political subdivision, may certify to the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State the name of the city, town, county, or political subdivision, the amount of deficiencies ninety (90) days or more past due.  (b) Upon certification, the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State are directed to withhold from the city's, town's, county's, or other political subdivision's share of general revenue turnback, as the share is defined in the Revenue Stabilization Law, § 19-5-101 et seq., the amount certified as due and to transfer the amount to the Construction Assistance Revolving Loan Fund Account and the Construction Assistance Administrative Account as follows:  (1) Amounts withheld as fees shall be transferred to the Construction Assistance Administrative Account; and  (2) Amounts withheld as principal and interest shall be transferred to the Construction Assistance Revolving Loan Fund Account.
AR Code § 15-5-909 (2020)
2020 Arkansas Code|Title 15 - Natural Resources and Economic Development|Subtitle 1 - Development Of Economic And Natural Resources Generally|Chapter 5 - Arkansas Development Finance Authority|Subchapter 9 - Construction Assistance Revolving Loans|§ 15-5-909. Definitions

 As used in this subchapter:   (1) “Administrative account” means the Construction Assistance Administrative Account established by this subchapter within the Construction Assistance Revolving Loan Fund;  (2) “Authority” means the Arkansas Development Finance Authority or any successor agency or commission of the state;  (3) “Clean Water Act” means the Federal Water Pollution Control Act of 1972, as amended by the federal Water Quality Act of 1987;  (4) “Commission” means the Arkansas Natural Resources Commission or a successor agency or commission of the state;  (5) [Repealed.]  (6) “Federal environmental acts” means the Clean Water Act, the Safe Drinking Water Act, the Resource Conservation and Recovery Act, the Clean Air Act, and the Comprehensive Environmental Response, Compensation, and Liability Act;  (7) “Fund” means the Construction Assistance Revolving Loan Fund established by this subchapter;  (8) “Owner” means the owner or prospective owner of an environmental project, excluding any federal agencies;  (9) “Revolving loan account” means the Construction Assistance Revolving Loan Fund Account established by this subchapter within the fund;  (10) “State” means the State of Arkansas; and  (11) “State Grants Account” means the State Grants Account established by this subchapter within the fund.
AR Code § 15-5-910 (2020)
2020 Arkansas Code|Title 15 - Natural Resources and Economic Development|Subtitle 1 - Development Of Economic And Natural Resources Generally|Chapter 5 - Arkansas Development Finance Authority|Subchapter 9 - Construction Assistance Revolving Loans|§ 15-5-910. Interest rates on loans

 (a) The loans made and bonds, notes, and other evidences of indebtedness purchased with moneys in the Construction Assistance State Revolving Loan Fund shall bear interest at rates of interest, including without limitation negative rates of interest, established by the Arkansas Natural Resources Commission.  (b) However, the commission may establish negative rates of interest only for loans made and bonds, notes, and other evidences of indebtedness purchased with moneys in the fund provided by the federal government under the Clean Water Act for the purpose of providing additional subsidization to eligible recipients in the form of forgiveness of principal, negative interest loans, or grants or any combination of principal, negative interest loans, or grants.  (c) Notwithstanding any other provision of law, loans, bonds, notes, and other evidences of indebtedness issued by owners may bear interest at a negative rate if they are purchased with moneys in the fund.
AR Code § 15-5-1101 (2020)
2020 Arkansas Code|Title 15 - Natural Resources and Economic Development|Subtitle 1 - Development Of Economic And Natural Resources Generally|Chapter 5 - Arkansas Development Finance Authority|Subchapter 11 - Arkansas Capital Access Program for Small Business Act of 1993|§ 15-5-1101. Title

 This subchapter may be referred to and cited as the “Arkansas Capital Access Program for Small Business Act of 1993”.
AR Code § 15-5-1102 (2020)
2020 Arkansas Code|Title 15 - Natural Resources and Economic Development|Subtitle 1 - Development Of Economic And Natural Resources Generally|Chapter 5 - Arkansas Development Finance Authority|Subchapter 11 - Arkansas Capital Access Program for Small Business Act of 1993|§ 15-5-1102. Legislative findings and declaration of public necessity

 (a) The General Assembly finds:  (1) There is a persistent shortage of capital available to small businesses in Arkansas, and there exists an immediate and urgent need to provide the means and methods for providing financing to:  (A) Improve the viability of small businesses in the state by stabilizing and increasing employment in small businesses;  (B) Foster an environment that promotes the establishment of new small businesses which reduce the state's unemployment rate by hiring new employees; and  (C) Complement Arkansas financial institutions to better serve their customers in ways which contribute to a strengthened and diversified Arkansas economy, and which does not compete with Arkansas financial institutions;    (2) Small businesses make important contributions to economic growth and vitality in this state;  (3) Small businesses comprise approximately eighty-five percent (85%) of the business entities in this state;  (4) Small businesses provide approximately ninety-eight percent (98%) of the private sector employment in this state;  (5) All national economic indicators establish that the greatest source of future new employment is in the small business sector of the economy;  (6) Many private sector financial institutions in Arkansas are limited in their ability to provide financing to small but rapidly growing businesses; and  (7) There exists a need to leverage private sector investment in entrepreneurial activity and in economic development finance, therefore, state assistance for development finance should reflect a leveraging investment strategy.    (b) It is the purpose of this subchapter to establish a capital access program under which the State of Arkansas through the Arkansas Development Finance Authority will provide public fiscal resources to assist Arkansas financial institutions to overcome obstacles and constraints in meeting the full range of economically sound financing needs of Arkansas small businesses.
AR Code § 15-5-1103 (2020)
2020 Arkansas Code|Title 15 - Natural Resources and Economic Development|Subtitle 1 - Development Of Economic And Natural Resources Generally|Chapter 5 - Arkansas Development Finance Authority|Subchapter 11 - Arkansas Capital Access Program for Small Business Act of 1993|§ 15-5-1103. Definitions

 As used in this subchapter:   (1) “Financial institution” means all banks, savings and loan associations, corporations organized under the County and Regional Industrial Development Company Act, § 15-4-1201 et seq., and any other lending institutions approved by the Board of Directors of the Arkansas Development Finance Authority;  (2) “Loss reserve account” means an account in a financial institution that is established and maintained by the Arkansas Development Finance Authority for the benefit of a financial institution participating in the Arkansas Capital Access Program for Small Business or the Arkansas Credit Reserve Program;  (3) “Qualified business” means a person conducting business for profit or not-for-profit who is authorized to conduct business in the State of Arkansas; and  (4) “Qualified loan” means a loan or portion of a loan made by a financial institution to a qualified business for any business activity that has its primary economic effect in Arkansas.
AR Code § 15-5-1104 (2020)
2020 Arkansas Code|Title 15 - Natural Resources and Economic Development|Subtitle 1 - Development Of Economic And Natural Resources Generally|Chapter 5 - Arkansas Development Finance Authority|Subchapter 11 - Arkansas Capital Access Program for Small Business Act of 1993|§ 15-5-1104. Contracts with financial institutions — Contents of contract

 (a) The Arkansas Development Finance Authority may contract with a financial institution for the purpose of allowing the financial institution to participate in the Arkansas Capital Access Program for Small Business or the Arkansas Credit Reserve Program.  (b) A contract between the authority and a financial institution under this section shall provide:  (1) For the creation of a loss reserve account by the authority for the benefit of the financial institution;  (2) That the financial institution, a qualified business, and the authority will deposit moneys to the credit of the financial institution's loss reserve account when the financial institution makes a qualified loan to the qualified business;  (3) That the authority will pay moneys in the loss reserve account, not exceeding an amount equal to the total amount credited to the loss reserve account, to the financial institution to reimburse the financial institution for any financial loss incurred as a result of any qualified loan made under the Arkansas Capital Access Program for Small Business or the Arkansas Credit Reserve Program;  (4) That the liability of the authority to the financial institution under the contract is limited to the amount of money credited to the loss reserve account of the financial institution; and  (5) For such other terms as the authority may require.
AR Code § 15-5-1105 (2020)
2020 Arkansas Code|Title 15 - Natural Resources and Economic Development|Subtitle 1 - Development Of Economic And Natural Resources Generally|Chapter 5 - Arkansas Development Finance Authority|Subchapter 11 - Arkansas Capital Access Program for Small Business Act of 1993|§ 15-5-1105. Capital Access Fund — Use — Investment earnings — Administrative expenses

 (a) There is created within the Arkansas Development Finance Authority the Capital Access Fund.  (b)  (1) All moneys deposited into the fund are for the purpose of making payments to loan loss reserve accounts established under § 15-5-1106.  (2) All moneys available for deposit into the fund shall be restricted to only such cash funds available to the authority for the purposes provided in this subchapter.    (c) Moneys in the fund may be invested as provided in § 15-5-407.
AR Code § 15-5-1106 (2020)
2020 Arkansas Code|Title 15 - Natural Resources and Economic Development|Subtitle 1 - Development Of Economic And Natural Resources Generally|Chapter 5 - Arkansas Development Finance Authority|Subchapter 11 - Arkansas Capital Access Program for Small Business Act of 1993|§ 15-5-1106. Loss reserve accounts — Limitation on amount

 (a) The Arkansas Development Finance Authority shall establish a loss reserve account for each financial institution with which the authority makes a contract.  (b) The loss reserve account for a financial institution shall consist of moneys paid in fees by borrowers and the financial institution and moneys transferred to the account from the Capital Access Fund.  (c) The authority may establish and maintain loss reserve accounts with any financial institution under such policies as the authority may adopt.  (d) All moneys in a loss reserve account are the property of the authority.