(a) The State of Arkansas shall take and hold title to any such lands, buildings, and other real property in fee simple or subject to existing encumbrances.
(b) However, the state shall not be required to discharge any encumbrance from funds other than those received from the administration of the property.
Structure Arkansas Code
Subtitle 5 - Postsecondary and Higher Education Generally
Chapter 62 - Property and Finances of State Institutions
Subchapter 5 - Trust Conveyances
§ 6-62-502. Trust conveyances authorized
§ 6-62-503. Acceptance of conveyance — Administration
§ 6-62-504. Title — Encumbrances