Arkansas Code § 22-3-1405 - Duties

In addition to the purposes, powers, and authority set forth elsewhere in this subchapter or in other laws, in connection with the construction and equipping of buildings and facilities in Little Rock, Arkansas, to house state agencies, the Building Authority Division of the Department of Finance and Administration may:

(1) Obtain the necessary funds for accomplishing the purposes set forth in this subchapter from any source or sources, including without limitation the proceeds of revenue bonds or lease financings as authorized herein, and other funds as may be appropriated or may be available therefor;

(2) Contract and be contracted with;

(3) Invest and reinvest any of the proceeds of such revenue bonds as provided in such authorizing resolution or trust indenture, hereinafter authorized; and

(4) Take such other actions not inconsistent with law as may be necessary or desirable to carry out the powers, purposes, and authority set forth herein, in accordance with the policies promulgated by the Director of the Department of Finance and Administration with the advice of the Building Authority Council as authorized by law.

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Last modified: November 15, 2016