Arkansas Code § 15-20-309 - Commission -- Power to Receive Gifts of Property and to Acquire Real Estate for Trade or Exchange

The Arkansas Natural Heritage Commission shall have the following rights, powers, and duties in addition to those already established by law:

(1) (A) To receive gifts, grants, donations, fee conveyances, or transfers of money and property, both real and personal, from private and public sources, or federal, or either and to sell or dispose of such property, real and personal, or either, as the commission deems advisable.

(B) Any and all funds and income from any and all property so furnished shall be placed in the State Treasury in the Department of Arkansas Heritage Federal Fund and expended in the same manner as other state moneys are expended, upon vouchers drawn by the Director of the Arkansas Natural Heritage Commission;

(2) (A) With the advice and consent of the Legislative Council and the Governor, to acquire, by purchase or otherwise, real property for the purpose of trade or exchange, and to trade or exchange any such property acquired for lands to be included in the natural areas system.

(B) However, the commission shall exercise this power in such a manner that any and all property acquired for the purpose of trade or exchange shall in fact be traded or exchanged forthwith and without delay.

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Last modified: November 15, 2016