Changes

The '''Arkansas Development Finance Authority''' ('''ADFA''') charter was drafted by [[Webster Hubbell]], passed by the [[Arkansas]] state legislature at Gov. [[Bill Clinton]]'s urging and signed into law by Gov. Clinton in 1985. The ADFA has no regulator and no legislative oversight. The governor appointed the board members and reviewed every bond issued. There was no limit on the value of bonds that could be issued.  

The '''Arkansas Development Finance Authority''' ('''ADFA''') is a state agency which encourages economic development in Arkansas.  Its charter was drafted by [[Webster Hubbell]], passed by the [[Arkansas]] state legislature at Gov. [[Bill Clinton]]'s urging and signed into law by Gov. Clinton in 1985. The ADFA has no regulator and no legislative oversight. The governor appointed the board members and reviewed every bond issued. There was no limit on the value of bonds that could be issued.  

Seth Ward, Webbster Hubbell's father-in-law and owner of Park-On-Meter (POM), an Arkansas manufacturer of parking meters, recieved the first loan from ADFA for $2.85 million. The money was intended to expand Ward's parking meter manufacturing into gun manufacturing for the [[CIA]] for use in [[Central America]] with untraceable serial numbers; however, the CIA did not make this request - someone in Gov. Clinton's Arkansas political machine blabbed openly about the covert supply chain operating out of [[Mena airport|Mena, Arkansas]] with Gov. Clinton's consent to aid the [[Nicaragua]]n [[Contras]] and their need for untraceable weapons due to the [[Boland Amendment]].

Seth Ward, Webbster Hubbell's father-in-law and owner of Park-On-Meter (POM), an Arkansas manufacturer of parking meters, recieved the first loan from ADFA for $2.85 million. The money was intended to expand Ward's parking meter manufacturing into gun manufacturing for the [[CIA]] for use in [[Central America]] with untraceable serial numbers; however, the CIA did not make this request - someone in Gov. Clinton's Arkansas political machine blabbed openly about the covert supply chain operating out of [[Mena airport|Mena, Arkansas]] with Gov. Clinton's consent to aid the [[Nicaragua]]n [[Contras]] and their need for untraceable weapons due to the [[Boland Amendment]].