Arkansas Code Title 6, Subtitle 5, Chapter 62, Subchapter 3 - Facilities -- Construction or Purchase

• § 6-62-301 - Construction of Subchapter.
  This subchapter shall be liberally construed to effectuate the purposes thereof.
• § 6-62-302 - Building Construction, Purchase, Etc., Authorized.
  (a) Subject to and in accordance with the terms of this subchapter, the boards of trustees of the University of Arkansas, Arkansas State University,...
• § 6-62-303 - Financing Authority.
  The board is authorized and empowered to enter into the necessary contracts for the borrowing of all or any part of the funds that...
• § 6-62-304 - Temporary Financing Authorized.
  The board is authorized to utilize any funds available to temporarily finance all or part of the projects and to make reimbursement of the...
• § 6-62-305 - Bonds or Notes -- Authorization to Issue -- Pledge of Revenues, Funds, Etc.
  (a) In evidence of any loan of funds, the board of trustees is authorized and empowered to issue its negotiable interest-bearing notes or bonds...
• § 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, University of Central Arkansas, Henderson State University, Arkansas State University, Arkansas Tech University, and...
• § 6-62-307 - Bonds or Notes -- Execution.
  (a) The notes or bonds shall be executed by the president or chair and secretary of the board.(b) The coupon attached to the bonds...
• § 6-62-308 - Bonds or Notes -- Terms and Conditions.
  (a) The notes or bonds shall be payable at such time or times and at such place or places, shall be in such form...
• § 6-62-309 - Bonds or Notes -- Liability.
  (a) The bonds or notes shall be general obligations only of the board of trustees, and in no event shall they be considered a...
• § 6-62-310 - Bonds or Notes -- Related Agreements Authorized.
  (a) For the purpose of obtaining any loan or carrying out any condition imposed by the original purchaser of the notes or bonds in...
• § 6-62-311 - Rents, Tolls, Fees, Etc. -- Rules and Regulations Authorized.
  The board of trustees is further authorized and empowered to fix the rents, tolls, fees, other charges, activity fees, and gate receipts of athletic...
• § 6-62-312 - Valid Outstanding Obligations -- Refinancing or Refunding -- Cancellation.
  (a) A board of trustees of a state-supported institution of higher education may refinance, in whole or in part, from time to time, its...
• § 6-62-313 - State Agency for Participation in Federal Grant Programs.
  (a) The Arkansas Higher Education Coordinating Board is designated as the state agency of the State of Arkansas for the purpose of participating in...
• § 6-62-314 - Construction Project Exemption.
  The following state-supported institutions of higher education shall be exempt as allowed by § 19-4-1415(b)(5) for construction projects exceeding five million dollars ($5,000,000) if...

Last modified: November 15, 2016