Arkansas Code
Subtitle 5 - Postsecondary and Higher Education Generally
Chapter 62 - Property and Finances of State Institutions

§ 6-62-103. Endowment of chairs — Attraction of exceptionally qualified academic and nonacademic personnel - (a) (1) Private contributors to state-supported colleges and universities frequently...

§ 6-62-105. Private borrowing by institutions of higher education - (a) (1) Upon approval of the board of trustees of...

§ 6-62-106. Uniform reporting of athletic expenditures - (a) The Arkansas Higher Education Coordinating Board, with the assistance...

§ 6-62-107. Reduction of state funds expended on remediation - (a) As a condition for receiving state funds, all public...

§ 6-62-108. Housing allowances - The board of trustees of each state-funded, four-year university may...

§ 6-62-109. Annual certification of solvency - (a) Annually, the board of trustees and the president or...

Subchapter 2 - Eminent Domain

§ 6-62-201. Grant of power to certain colleges and universities — Condemnation proceedings - (a) (1) The right and power of eminent domain is...

Subchapter 3 - Facilities — Construction or Purchase

§ 6-62-301. Construction of subchapter - This subchapter shall be liberally construed to effectuate the purposes...

§ 6-62-302. Building construction, purchase, etc., authorized - (a) Subject to and in accordance with the terms of...

§ 6-62-303. Financing authority - The board is authorized and empowered to enter into the...

§ 6-62-304. Temporary financing authorized - The board is authorized to utilize any funds available to...

§ 6-62-305. Bonds or notes — Authorization to issue — Pledge of revenues, funds, etc - (a) In evidence of any loan of funds, the board...

§ 6-62-306. Bonds or notes — Issuance on advice of Arkansas Higher Education Coordinating Board - (a) The boards of trustees of the University of Arkansas,...

§ 6-62-307. Bonds or notes — Execution - (a) The notes or bonds shall be executed by the...

§ 6-62-308. Bonds or notes — Terms and conditions - (a) The notes or bonds shall be payable at such...

§ 6-62-309. Bonds or notes — Liability - (a) The bonds or notes shall be general obligations only...

§ 6-62-310. Bonds or notes — Related agreements authorized - (a) For the purpose of obtaining any loan or carrying...

§ 6-62-311. Rents, tolls, fees, etc. — Rules authorized - A board of trustees is further authorized and empowered to...

§ 6-62-312. Valid outstanding obligations — Refinancing or refunding — Cancellation - (a) A board of trustees of a state-supported institution of...

§ 6-62-313. State agency for participation in federal grant programs - (a) The Arkansas Higher Education Coordinating Board is designated as...

§ 6-62-314. Construction project exemption - The following state-supported institutions of higher education shall be exempt...

Subchapter 4 - Facilities — Use

§ 6-62-401. Use by employees to conduct work for private compensation - (a) The boards of trustees of the state institutions of...

Subchapter 5 - Trust Conveyances

§ 6-62-501. Definitions - As used in this subchapter, unless the context otherwise requires:...

§ 6-62-502. Trust conveyances authorized - Property may be conveyed to the State of Arkansas in...

§ 6-62-503. Acceptance of conveyance — Administration - (a) Acceptance of the conveyance by the State of Arkansas...

§ 6-62-504. Title — Encumbrances - (a) The State of Arkansas shall take and hold title...

§ 6-62-505. Status of property as that of private person - Subject to any restrictions which may be provided in the...

§ 6-62-506. Tax exemption - All property so conveyed to the State of Arkansas shall...

§ 6-62-507. Income from property - (a) All income derived from the administration of any such...

Subchapter 6 - Transfer or Lease of Property

§ 6-62-601. Definitions - As used in this subchapter, unless the context otherwise requires:...

§ 6-62-602. Transfer and lease authorized - Subject to and in accordance with the provisions of this...

§ 6-62-605. Execution of contracts - Boards are authorized to execute all contracts and legal instruments...

§ 6-62-606. Exemption from compliance with certain state and local laws — Review by the Building Authority Division - (a) A board and an owner proceeding under this subchapter...

§ 6-62-607. Right to mortgage or encumber property — Right to cure default - (a) The transfer of any property shall authorize the owner...

§ 6-62-608. Resolution authorizing transfer and lease - (a) Before proceeding with any transfer, the board shall first...

§ 6-62-609. Negotiations — Terms of transfer - (a) Subject to any requirements or limitations specified in the...

§ 6-62-610. Boards of appraisers — Determination of fair market value and fair market rental - (a) The fair market value and fair market rental of...

§ 6-62-611. Agreement for transfer and lease of property — Instruments of conveyance — Title insurance - (a) (1) Upon completion of the determination of the fair...

§ 6-62-612. Lease agreement — Repurchase of property - (a) Except as otherwise provided in this subchapter, the lease...

§ 6-62-613. Bank funds - (a) All moneys received by a board as consideration for...

Subchapter 7 - Arkansas College Savings Bond Act

§ 6-62-701. Title - This subchapter may be referred to and cited as the...

§ 6-62-702. Legislative findings and declaration of public necessity - The General Assembly hereby finds: (1) The availability of higher...

§ 6-62-703. Definitions - In this subchapter, unless the context otherwise requires: (1) “Authority”...

§ 6-62-704. Construction - (a) This subchapter shall be liberally construed to accomplish the...

§ 6-62-705. Power and duties of Arkansas Development Finance Authority and Arkansas Higher Education Coordinating Board - (a) The Arkansas Development Finance Authority and the Arkansas Higher...

§ 6-62-706. Financial resources or financial aid or assistance - (a) The Arkansas Development Finance Authority, with the assistance of...

§ 6-62-707. Bonds — Authorization — Amount outstanding - The Arkansas Development Finance Authority, the “authority”, on behalf of...

§ 6-62-708. Bonds — Principal amount - The total principal amount of bonds to be issued during...

§ 6-62-709. Bonds — Issuance — Duties of Arkansas Higher Education Coordinating Board and Arkansas Development Finance Authority - (a) Provided further that, before any bonds may be issued...

§ 6-62-710. Bonds — Financial incentives - (a) The proceedings of the Arkansas Higher Education Coordinating Board,...

§ 6-62-711. Bonds — Purposes - Bonds issued under this subchapter shall be issued for the...

§ 6-62-712. Bonds — Terms and conditions generally - The bonds: (1) May be issued in the form of...

§ 6-62-713. Bonds — Terms and conditions — Series bonds - (a) The bonds shall be issued whether or not the...

§ 6-62-714. Bonds — Resolution or trust indenture — Selection of projects - (a) All bonds issued hereunder shall be authorized by resolution...

§ 6-62-715. Refunding bonds - (a) Bonds may also be issued for the purpose of...

§ 6-62-716. Bonds — Execution - (a) Each bond shall be signed with the facsimile signatures...

§ 6-62-717. Bonds — Sale — Employment of administrative agents, fiscal agents, and legal counsel - (a) The bonds may be sold in such manner, either...

§ 6-62-718. Bonds — General obligations — Pledge of revenues - (a) The bonds shall be direct general obligations of the...

§ 6-62-719. Bonds — Payment — Bond fund — Debt Service Reserve Fund - (a) On or before the commencement of each fiscal year,...

§ 6-62-720. Bond — Tax exemption — Legal investments - (a) All bonds issued under this subchapter, and interest thereon,...

§ 6-62-721. Bonds — Rights and liabilities — Enforcement - (a) This subchapter shall constitute a contract between the State...

§ 6-62-722. Bonds — Rights and liabilities — Commencement - This subchapter shall not create any right of any character,...

§ 6-62-723. Bonds — Deposit of proceeds - (a) The proceeds from the sale of the bonds, together...

§ 6-62-724. Bonds — Investment and disbursement of funds - (a) Any moneys held in any fund created under this...

§ 6-62-725. Judicial review — Priority - All cases involving the validity of this subchapter or any...

§ 6-62-726. Rules - (a) The Division of Higher Education or other agency to...

Subchapter 8 - Athletic Programs

§ 6-62-801. Purpose - The Arkansas Higher Education Coordinating Board is authorized and directed...

§ 6-62-802. Definitions - As used in this subchapter: (1) “Athletic deficit” means the...

§ 6-62-803. Limits on funding - (a) For the certification required under § 6-62-805, the amount...

§ 6-62-804. Deficits — Assessment of student athletic fee - (a) Any athletic deficit of an institution shall be funded...

§ 6-62-805. Certification by board of trustees - The board of trustees of each institution shall certify annually...

§ 6-62-806. Rules — Nondiscriminatory application - (a) The Arkansas Higher Education Coordinating Board is authorized to...

§ 6-62-807. Reporting expenditures - In accordance with the uniform reporting and auditing of intercollegiate...

Subchapter 10 - Workers' Compensation Insurance

§ 6-62-1001. Coverage required - (a) All two-year and four-year public institutions of higher education...

§ 6-62-1002. Election to provide self-funded coverage - (a) Claims incurred on and after the effective date that...

§ 6-62-1003. Private, municipal, or self-funded coverage - (a) Two-year and four-year public institutions of higher education may...

§ 6-62-1004. Election to provide coverage through Public Employee Claims Division - Nothing in this subchapter shall require two-year or four-year public...

Subchapter 11 - Higher Education Technology and Facility Improvement

§ 6-62-1101. Title - This subchapter may be referred to and cited as the...

§ 6-62-1102. Legislative findings - The General Assembly finds that: (1) Expanded availability of higher...

§ 6-62-1103. Definitions - As used in this subchapter: (1) “Athletic facilities” means facilities...

§ 6-62-1104. Power and duties - (a) Before any bonds may be issued during a fiscal...

§ 6-62-1105. Authorization — Purposes - The Arkansas Development Finance Authority, on behalf of the State...

§ 6-62-1106. Bonds — Debt service limitation - The total principal amount of bonds outstanding under this subchapter...

§ 6-62-1107. Projects to be financed - The proceeds of bonds issued under this subchapter for nonrefunding...

§ 6-62-1108. Election - (a) (1) No bonds shall be issued under this subchapter,...

§ 6-62-1109. Procedure for issuing bonds - (a) (1) Prior to the issuance of any series of...

§ 6-62-1110. Terms of bonds - The State of Arkansas Higher Education General Obligation Bonds shall...

§ 6-62-1111. Sale of bonds - (a) The State of Arkansas Higher Education General Obligation Bonds...

§ 6-62-1112. Transfer of funds for debt service - (a) (1) On or before the commencement of each fiscal...

§ 6-62-1113. Sources of repayment - (a) The State of Arkansas Higher Education General Obligation Bonds...

§ 6-62-1114. Deposit and investment of proceeds - (a) The proceeds from the sale of the State of...

§ 6-62-1115. Use of bond proceeds - (a) The proceeds of the State of Arkansas Higher Education...

§ 6-62-1116. Refunding bonds - (a) (1) The Arkansas Development Finance Authority may issue bonds...

§ 6-62-1117. Tax exemption - All State of Arkansas Higher Education General Obligation Bonds issued...

§ 6-62-1118. Employment of professionals - The Arkansas Development Finance Authority is authorized to retain those...

§ 6-62-1119. Construction - (a) This subchapter shall be liberally construed to accomplish its...

§ 6-62-1120. Rights and liabilities — Enforcement - (a) This subchapter shall constitute a contract between the State...

§ 6-62-1121. Rights and liabilities — Commencement - (a) This subchapter shall not create any right of any...

§ 6-62-1122. Judicial review — Priority - All cases involving the validity of this subchapter or any...

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Arkansas Code Subtitle 5 - Postsecondary and Higher Education Generally Chapter 62 - Property and Finances of State Institutions

Arkansas Code
Subtitle 5 - Postsecondary and Higher Education Generally
Chapter 62 - Property and Finances of State Institutions