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ADFA Professional Selection Policy

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By publicly posting the following written disclosure, the Arkansas Development Finance Authority intends that market participants receive and use it for purposes of the independent registered municipal advisor exemption to the SEC Municipal Advisor Rule.

Independent Registered Municipal Advisor Certificate

June 30, 2014

The Arkansas Development Finance Authority (ADFA) has retained an independent registered municipal advisorADFA is represented by and will rely on its municipal advisor FirstSouthwest to provide advice on proposals from financial services firms concerning the issuance of municipal securities and municipal financial products (including investments of bond proceeds, escrow investments, etc.), if applicable.  The individual with primary responsibility for advising ADFA on such matters is Steve Kantor. This certificate may be relied upon until otherwise withdrawn by ADFA.

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If you have questions or comments related to RFP's please e-mail us at or contact Patrick Patton at  or 501-682-5902

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