Subject to and in accordance with the provisions of this subchapter and in addition to any other statutory or inherent authority of a board, any board is authorized to transfer and simultaneously enter into a lease agreement concerning any property.
Structure Arkansas Code
Subtitle 5 - Postsecondary and Higher Education Generally
Chapter 62 - Property and Finances of State Institutions
Subchapter 6 - Transfer or Lease of Property
§ 6-62-602. Transfer and lease authorized
§ 6-62-605. Execution of contracts
§ 6-62-607. Right to mortgage or encumber property — Right to cure default
§ 6-62-608. Resolution authorizing transfer and lease
§ 6-62-609. Negotiations — Terms of transfer
§ 6-62-610. Boards of appraisers — Determination of fair market value and fair market rental