(1) Provide loans and grants from bond proceeds or project revenues to local entities and to authorize local entities to make loans to other persons for financing superprojects;
(2) Cause the Arkansas Development Finance Authority to purchase with bond proceeds or project revenues, bonds or notes from a local entity in order to provide funds for financing superprojects and to enter into note and bond purchase agreements in connection with those purchases;
(3) Fix, regulate, and collect rates, fees, rents, or other charges for making any loan or commitment under this subchapter and for performing accounting and loan servicing duties relating to the loans;
(4) Require audits of all accounts related to construction, operation, or maintenance of any superproject funded by this subchapter;
(5) Take reasonable actions necessary to ensure that debt service requirements are met;
(6) Refinance loans made by the authority from whatever source to local entities in order to develop a superproject;
(7) Provide loans from bond proceeds or project revenues to local entities for the purpose of refinancing indebtedness of the local entity incurred for the purpose of financing a superproject; and
(8) Take any other action necessary to accomplish the purposes of this subchapter.
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