All property so conveyed to the State of Arkansas shall be deemed property owned by the state exclusively for a public purpose and shall be exempt from taxation.
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