reglab/housing_qa huggingface dataset:
AR Code § 15-5-1507 (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 15 - Arkansas Brownfield Revolving Loan Fund Act|§ 15-5-1507. Allocation from Treasurer of State

 (a)  (1) The Arkansas Development Finance Authority may accept moneys from the Treasurer of State for deposit into the Brownfield Revolving Loan Fund, as provided by law, to be used for the purposes authorized under this subchapter.  (2) Federal or state grants transferred directly to the authority for deposit into the fund are declared to be cash funds restricted in their use solely for the purposes under this subchapter.    (b) Notwithstanding the provisions of §§ 19-6-108 and 19-6-601, federal or state grants received by the Treasurer of State for purposes authorized under this subchapter are declared to be cash funds to be used solely as authorized under this subchapter.  (c)  (1) Moneys received under this section shall not be considered to be a part of the State Treasury for the purposes of:  (A) Arkansas Constitution, Article 5, § 29;  (B) Arkansas Constitution, Article 16, § 12;  (C) Arkansas Constitution, Amendment 20; or  (D) Any other constitutional or statutory provision.    (2) The Treasurer of State shall not deposit moneys received under this section into the State Treasury but shall remit the moneys to the authority for deposit into the fund.
AR Code § 15-5-1508 (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 15 - Arkansas Brownfield Revolving Loan Fund Act|§ 15-5-1508. Security for bonds

 The Arkansas Development Finance Authority may use the moneys in the Brownfield Revolving Loan Fund and the assets acquired with moneys in the fund to secure payment of the principal, premium, and interest on bonds issued by the authority if the net proceeds of the bonds are deposited into the fund.
AR Code § 15-5-1509 (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 15 - Arkansas Brownfield Revolving Loan Fund Act|§ 15-5-1509. Administrative fees

 (a) The Division of Environmental Quality and the Arkansas Development Finance Authority may establish fees for their respective administrative services under this subchapter, including the costs of financing loans and awarding grants under this subchapter.  (b) The authority to establish fees under this section is supplemental to the authority granted to the division or the Arkansas Development Finance Authority under other laws.
AR Code § 15-5-1510 (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 15 - Arkansas Brownfield Revolving Loan Fund Act|§ 15-5-1510. Collection of fees

 (a)  (1) With approval of the Division of Environmental Quality, the Arkansas Development Finance Authority may collect administrative fees and remit the fees directly to the authority within fifteen (15) days after each payment is collected.  (2) The authority shall remit any administrative fee owed to the division, and the fees shall be deposited into the Brownfield Revolving Loan Fund on a quarterly basis.    (b) Any administrative fees owed to the authority shall not be deposited into the fund.
AR Code § 15-5-1511 (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 15 - Arkansas Brownfield Revolving Loan Fund Act|§ 15-5-1511. Rules

 The Division of Environmental Quality may adopt rules as necessary to implement this subchapter.
AR Code § 15-5-1701 (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 17 - Arkansas Housing Trust Fund Act of 2009|§ 15-5-1701. Title

 This subchapter shall be known and may be cited as the “Arkansas Housing Trust Fund Act of 2009”.
AR Code § 15-5-1702 (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 17 - Arkansas Housing Trust Fund Act of 2009|§ 15-5-1702. Legislative intent

 The General Assembly finds:   (1) That current economic conditions, the lack of affordable housing, and declining resources at all levels of government adversely affect the ability of the citizens of Arkansas to obtain safe, decent, and affordable housing;  (2) That the lack of affordable housing affects the abilities of communities to maintain and develop viable and stable economies; and  (3) That the establishment of the Arkansas Housing Trust Fund is intended:  (A) To provide a flexible source of funds for communities to address their affordable housing needs;  (B) To help families attain economic stability;  (C) To revitalize distressed neighborhoods and build healthy, vibrant communities by developing high-quality affordable housing;  (D) To leverage additional private investment in Arkansas communities;  (E) To contribute to economic growth through increased housing production, employment, and tax revenues, thereby benefiting all the citizens of the state;  (F) To alleviate deficiencies in the supply of safe, accessible, and affordable housing for the citizens of the state most likely, because of low incomes, to suffer from these deficiencies, including without limitation persons who are homeless, disabled, elderly, or victims of domestic violence; and  (G) To alleviate deficiencies in the supply of safe, accessible, and affordable housing for the citizens of the state living in rural areas.
AR Code § 15-5-1703 (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 17 - Arkansas Housing Trust Fund Act of 2009|§ 15-5-1703. Definitions

 As used in this subchapter:   (1) “Advisory committee” means the Housing Trust Fund Advisory Committee created in § 15-5-1706;  (2) “Authority” means the Arkansas Development Finance Authority;  (3) “Board” means the Board of Directors of the Arkansas Development Finance Authority;  (4) “Eligible activities” means activities eligible for funding by the Arkansas Housing Trust Fund, as set forth in this subchapter;  (5) “Eligible applicants” means persons or entities eligible to receive funds from the fund, as set forth in this subchapter;  (6) “Housing trust fund” means the fund created in § 15-5-1704; and  (7) “Median household income” means state or area median household income, as defined and adjusted annually by the United States Department of Housing and Urban Development.
AR Code § 15-5-1704 (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 17 - Arkansas Housing Trust Fund Act of 2009|§ 15-5-1704. Establishment of Arkansas Housing Trust Fund

 (a) There is established on the books of the Arkansas Development Finance Authority a special restricted fund, to be known as the “Arkansas Housing Trust Fund”, which shall be maintained and administered by the authority for the purposes stated in this subchapter.  (b) All moneys deposited into the fund under this subchapter are cash funds restricted in their use and 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, or Arkansas Constitution, Amendment 20, or any other constitutional or statutory provisions, but shall be held by the authority and used solely for the purposes stated under this subchapter.
AR Code § 15-5-1705 (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 17 - Arkansas Housing Trust Fund Act of 2009|§ 15-5-1705. Sources and deposits — Administration of Arkansas Housing Trust Fund — Responsibilities of the Arkansas Development Finance Authority

 (a) The following moneys shall be deposited into the Arkansas Housing Trust Fund:  (1) Money designated by the General Assembly or by the Governor for the purpose of funding the fund;  (2) Grants or other moneys from the federal government or federal agencies that can be used for the purpose of funding the fund;  (3) Any money received by the Arkansas Development Finance Authority or the state from private sources as a contribution, gift, or donation to the fund;  (4) Repayments of any loans made from the fund under this subchapter;  (5) Any interest or investment earnings on amounts held in the fund; and  (6) Any other money legally designated for the fund.    (b) The fund shall be maintained and administered by the authority. The authority is authorized and directed:  (1) To invest and reinvest all money held in the fund in investments under the authority's investment policies, pending its use for the purposes described in this subchapter;  (2) To keep books and records relating to the investment, interest earnings, and uses of moneys deposited into the fund;  (3) To establish procedures for the withdrawal, allocation, and use of the moneys held in the fund for the purposes described in this subchapter;  (4) To cause to be prepared an annual independent audit of the fund;  (5) To enter into contracts and agreements in connection with the operation of the fund, including contracts and agreements with federal agencies, local governmental entities, community developers, and other persons, to implement this subchapter;  (6) To develop rules for the competitive evaluation of projects seeking to receive moneys from the fund and as needed to implement this subchapter; and  (7) To engage in ongoing efforts to increase funding sources for the fund, including any additional ongoing state-dedicated funding source.    (c) The authority shall seek the input of the Arkansas Housing Trust Fund Advisory Committee created by § 15-5-1706, but the Board of Directors of the Arkansas Development Finance Authority shall have the final decision-making authority on all matters relating to the fund and the programs administered under this subchapter.  (d)  (1) To reimburse the authority for its services in administering the fund, the authority shall be periodically paid a reasonable fee from amounts deposited to the fund.  (2) On an annual basis, the authority shall not be paid in excess of six percent (6%) of the total annual deposits to the fund or the average outstanding balance of the assets of the fund, whichever is greater.
AR Code § 15-5-1706 (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 17 - Arkansas Housing Trust Fund Act of 2009|§ 15-5-1706. Creation of Arkansas Housing Trust Fund Advisory Committee

 (a)  (1) There is created the Arkansas Housing Trust Fund Advisory Committee for the purpose of advising the staff and the Board of Directors of the Arkansas Development Finance Authority with respect to the Arkansas Housing Trust Fund.  (2) The members of the advisory committee shall be residents of the state and should, to the extent possible, reflect the demographics of the state with respect to geography, race, gender, and urban-rural mix.  (3) The members of the advisory committee shall be entitled to expense reimbursement under § 25-16-902 from amounts deposited into the fund.  (4) Each member of the advisory committee should have a demonstrated interest in the housing needs of individuals and families with low or moderate incomes and the revitalization of distressed neighborhoods.    (b) The advisory committee shall consist of eleven (11) members with the qualifications under § 15-5-1705 to be appointed by the Governor, the Speaker of the House of Representatives, and the President Pro Tempore of the Senate, as follows:  (1) A representative of the financial industry, appointed by the Governor;  (2) A beneficiary of assistance in rental housing or home ownership, appointed by the Governor;  (3) An advocate for the homeless, appointed by the Governor;  (4) A representative of the real estate industry, appointed by the Governor;  (5) A representative from the economic development field, appointed by the Governor;  (6) A developer of affordable housing, appointed by the Governor;  (7) A citizen, appointed by the Governor;  (8) A consumer advocate with experience as a fair-housing advocate, housing counselor, or affordable housing advocate, appointed by the Speaker of the House of Representatives;  (9) A housing advocate representing the needs of rural interests, appointed by the Speaker of the House of Representatives;  (10) A special needs housing advocate appointed by the President Pro Tempore of the Senate; and  (11) An advocate for public housing, appointed by the President Pro Tempore of the Senate.    (c)  (1) A member of the advisory committee shall serve a term of four (4) years.  (2) In order to stagger the terms of the members, the initial members of the advisory committee shall draw lots as follows:  (A) Two (2) members will have an initial term of one (1) year;  (B) Three (3) members will have an initial term of two (2) years;  (C) Three (3) members will have an initial term of three (3) years; and  (D) Three (3) members will have an initial term of four (4) years.    (3) Members of the advisory committee may serve successive terms.
AR Code § 15-5-1707 (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 17 - Arkansas Housing Trust Fund Act of 2009|§ 15-5-1707. Roles and responsibilities of the Arkansas Housing Trust Fund Advisory Committee

 (a) The Arkansas Housing Trust Fund Advisory Committee will operate within the structure of the Arkansas Development Finance Authority and will advise the Board of Directors of the Arkansas Development Finance Authority on matters relating to the Arkansas Housing Trust Fund and its programs.  (b) The responsibilities of the advisory committee shall be to:  (1) Collaborate with the staff of the authority in drafting rules, compliance responsibilities, set-asides, and funding priorities for the fund and the programs funded by the fund, which rules and policies will be referred by the advisory committee to the authority for its review and approval;  (2) Review and advise the authority on fund marketing efforts;  (3) Review data on the use and impact of the fund compiled by the staff of the authority, which shall be provided to the advisory committee not less frequently than one (1) time a year;  (4) Prepare, working with the staff of the authority or the Department of Commerce, an annual review of the rules, compliance responsibilities, set-asides, funding priorities, and funding decisions, including any recommended changes, which review shall be presented to the board for final approval; and  (5) Prepare an annual performance report for the fund, including information about the fund's success in meeting its intended purposes, which shall be provided to the Governor, the Speaker of the House of Representatives, and the President Pro Tempore of the Senate.
AR Code § 15-5-1708 (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 17 - Arkansas Housing Trust Fund Act of 2009|§ 15-5-1708. Purposes and uses of the Arkansas Housing Trust Fund

 (a) Money held in the Arkansas Housing Trust Fund shall be used to provide assistance for eligible activities proposed by eligible applicants, including without limitation grants, loans, loan guarantees, and loan subsidies.  (b) Eligible activities may include without limitation the following:  (1) New construction, reconstruction, or rehabilitation of rental housing or housing designed for owner occupancy;  (2) Rental assistance;  (3) Land acquisition;  (4) Predevelopment costs;  (5) Infrastructure;  (6) Transitional housing;  (7) Down payment assistance;  (8) Housing and foreclosure counseling; and  (9) Technical assistance.    (c) Eligible applicants of assistance from the fund shall include without limitation:  (1) Local governments;  (2) Public housing authorities, public housing agencies, and public housing facilities boards;  (3) Nonprofit organizations;  (4) Nonprofit housing developers; and  (5) For-profit housing developers.
AR Code § 15-5-1801 (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 18 - State Entity Energy Efficiency Project Bond Act|§ 15-5-1801. Title

 This subchapter shall be known as the “State Entity Energy Efficiency Project Bond Act”.
AR Code § 15-5-1802 (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 18 - State Entity Energy Efficiency Project Bond Act|§ 15-5-1802. Purpose

 (a) The purpose of this subchapter is to provide financing for energy efficiency projects for state entities under Arkansas Constitution, Amendment 89.  (b) It is found and determined that:  (1) This subchapter is in furtherance of a public purpose; and  (2) The duties imposed upon the state entities and the Arkansas Development Finance Authority in this subchapter are in furtherance of the conservation of the environment, efficient government spending, and the protection of the public health, welfare, and safety.
AR Code § 15-5-1803 (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 18 - State Entity Energy Efficiency Project Bond Act|§ 15-5-1803. Definitions

 As used in this subchapter:   (1) “Bonds” means all bonds, notes, certificates, financing leases, or other interest-bearing instruments or evidences of indebtedness that are issued under this subchapter;  (2) “Energy efficiency project” means an improvement, repair, alteration, or renovation of a new building design or an existing building or facility owned or operated by a state entity or any equipment, fixture, or furnishing to be added to or used in a building or facility owned or operated by a state entity that is designed to reduce energy consumption or operating costs; and  (3) “State entity” means:  (A) The state; and  (B) An agency, board, commission, or instrumentality of the state.
AR Code § 15-5-1804 (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 18 - State Entity Energy Efficiency Project Bond Act|§ 15-5-1804. Issuance of bonds

 (a) Upon the request of a state entity, the Arkansas Development Finance Authority may issue bonds for the purpose of:  (1) Providing financing or refinancing for an energy efficiency project;  (2) Refunding bonds issued under this subchapter; and  (3) Paying the costs of issuing the bonds.    (b)  (1) The bonds may be:  (A) Secured by a pledge of the savings derived from the energy efficiency project; and  (B) Paid from general revenues, special revenues, revenues derived from taxes, or any other revenues available to the state entity.    (2) A state entity may pledge or assign any guaranteed energy savings contract to secure the bonds.  (3) A state entity may enter into a long-term loan agreement with the authority to secure the bonds.  (4) Notwithstanding any law to the contrary, a state entity may use maintenance and operations appropriations to pay for an energy efficiency project.    (c)  (1)  (A) Bonds issued under this subchapter shall:  (i) Be authorized by a resolution of the state entity and the Board of Directors of the Arkansas Development Finance Authority; and  (ii) Have the form and characteristics and bear the designations provided in the resolution and permitted under this chapter, including without limitation §§ 15-5-301 — 15-5-317.    (B) The resolution under subdivision (c)(1)(A)(i) of this section may include the provisions and covenants that the state entity or the board determines to be necessary.    (2) The board may:  (A) Require additional proceedings; and  (B) Approve and have executed any other proceedings, agreements, trust agreements, or other instruments necessary or convenient to the issuance of the bonds.
AR Code § 15-5-1805 (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 18 - State Entity Energy Efficiency Project Bond Act|§ 15-5-1805. Terms and conditions

 (a) The Arkansas Development Finance Authority shall be the issuer of bonds for energy efficiency projects under this subchapter.  (b)  (1) The authority shall not issue bonds under this subchapter unless:  (A) A state entity has:  (i) Applied for approval; and  (ii) Submitted a resolution to the authority authorizing the issuance of bonds; and    (B) The authority determines that the energy savings to be realized from the energy efficiency project and other available revenues are sufficient to fund the requested bond issue.    (2)  (A) Upon approval, the authority shall proceed with the issuance of the bonds under this subchapter.  (B) If the bonds are not approved, the state entity may resubmit a request for approval of the issuance of bonds, and a resubmitted request shall be handled in the same manner as the initial request under this section.
AR Code § 15-5-1806 (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 18 - State Entity Energy Efficiency Project Bond Act|§ 15-5-1806. Tax exemption

 The interest on the bonds issued under this subchapter shall be exempt from state, county, and municipal income, inheritance, and estate taxes.
AR Code § 15-5-1807 (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 18 - State Entity Energy Efficiency Project Bond Act|§ 15-5-1807. Refunding bonds

 (a) The Arkansas Development Finance Authority may provide by resolution for the issuance of refunding bonds to refund outstanding bonds issued under this subchapter and any accrued interest on those bonds.  (b) The authority may:  (1) Sell the refunding bonds and use the proceeds to retire the outstanding bonds issued under this subchapter;  (2) Exchange the refunding bonds for the outstanding bonds; and  (3) Refund the bonds in the manner provided by any other applicable statute.