(a) A board and an owner proceeding under this subchapter shall be exempt from compliance with all municipal and county land use restrictions, including without limitation zoning laws and requirements for obtaining building permits.
(b) In proceeding under this subchapter, it shall not be necessary for the board to comply with any other laws relating to the procurement, disposal, or leasing of property, including without limitation laws concerning the appointment of appraisers in connection therewith, laws restricting the obligation of funds for construction, and laws dealing with the improvement of historic structures, except that the transfer and the lease agreement shall be subject to the review and approval of the Building Authority Division.
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