(d) Furthermore, the General Assembly found the continued existence of these conditions to be detrimental to the citizens of the state and that the economic well-being of the citizens of the State of Arkansas will be enhanced by the creation of the Arkansas Development Finance Authority to provide the means and methods for providing financing to:

1. (1) Restore and revitalize existing agricultural business and industrial enterprises for the purpose of retaining existing employment within the state;
2. (2) Promote and develop the expansion and establishment of new and existing agricultural business and industrial enterprises for the purpose of further alleviating unemployment within the state and for providing additional employment;
3. (3) Promote and target resources of the state to further the development of export trade of Arkansas products for the purpose of economic development in the state and for providing additional employment therefrom;
4. (4) Ensure the development of reliable, affordable, efficient, and environmentally compatible sources of energy for all types of public and private consumption;
5. (5) Provide healthcare facilities for the citizens and inhabitants of the state;
6. (6) Provide capital improvement facilities for the benefit of the citizens and inhabitants of the state;
7. (7) Provide educational facilities for educational institutions within the state and to enhance the Public School Fund;
8. (8) Provide financial assistance to political subdivisions of the state;
9. (9) Assist minority businesses in obtaining a loan or other means of financial assistance; and

10. (10) Complement Arkansas’s private financial institutions to better serve their customers in ways that:

    1. (A) Contribute to a strengthened and diversified Arkansas economy; and
    2. (B) Do not compete with Arkansas’s private financial institutions.

(e)

1. (1) The Arkansas Development Finance Authority is the primary bond issuing authority in the State of Arkansas that can use its own financial resources to further its mission.
2. (2) The Arkansas Development Finance Authority has a proactive, professional board of directors and professional management team that run the Arkansas Development Finance Authority as a business and, although similar, not identical to the lending practices of a bank.
3. (3) The Arkansas Development Finance Authority is a development finance agency where economic development and related development finance activities are stated as principal program goals.