reglab/housing_qa huggingface dataset:
AR Code § 6-62-1003 (2020)
2020 Arkansas Code|Title 6 - Education|Subtitle 5 - Postsecondary and Higher Education Generally|Chapter 62 - Property and Finances of State Institutions|Subchapter 10 - Workers' Compensation Insurance|§ 6-62-1003. Private, municipal, or self-funded coverage

 (a) Two-year and four-year public institutions of higher education may provide workers' compensation coverage through private carriers, municipal self-funding groups, or one (1) or more self-funded entities or groups.  (b) Self-funding groups established for this purpose shall meet the following requirements:  (1) Any group established to provide coverage to public institutions of higher education only shall offer coverage to any two-year or four-year public institution of higher education in the state that applies for coverage;  (2)  (A) Any group established to provide workers' compensation coverage to public institutions of higher education shall offer coverage at rates promulgated by the Workers' Compensation Commission.  (B) Premiums for public institutions of higher education participating in any group shall be revised annually based on the loss experience of the particular institution of higher education or group of public institutions of higher education.  (C) Each board governing a self-funding group shall be permitted to declare dividends or to give credits against renewal premiums based on annual loss experience and subject to commission approval;    (3) Any self-funding group of participating public institutions of higher education shall be subject to the rules of the commission applicable to self-insured groups or providers;  (4)  (A) All self-funded groups shall obtain excess reinsurance from an admitted or approved insurance company doing business in Arkansas.  (B) In lieu of the reinsurance requirements in subdivision (b)(4)(A) of this section, any self-funded group under this section with one million five hundred thousand dollars ($1,500,000) or more in annually collected premiums may provide excess reserves of twenty percent (20%) of annual premiums by any one (1) of the following ways:  (i) Cash or certificates of deposit in Arkansas banks; or  (ii) Letters of credit from an Arkansas bank; and      (5) Two-year and four-year public institutions of higher education shall not be required to enter into an indemnity agreement binding them jointly and severally.
AR Code § 6-62-1004 (2020)
2020 Arkansas Code|Title 6 - Education|Subtitle 5 - Postsecondary and Higher Education Generally|Chapter 62 - Property and Finances of State Institutions|Subchapter 10 - Workers' Compensation Insurance|§ 6-62-1004. Election to provide coverage through Public Employee Claims Division

 Nothing in this subchapter shall require two-year or four-year public institutions of higher education to provide workers' compensation coverage through one (1) or more self-funded entities or groups, and an institution may elect to provide coverage through the Public Employee Claims Division in the same manner as do other state agencies.
AR Code § 6-62-1101 (2020)
2020 Arkansas Code|Title 6 - Education|Subtitle 5 - Postsecondary and Higher Education Generally|Chapter 62 - Property and Finances of State Institutions|Subchapter 11 - Higher Education Technology and Facility Improvement|§ 6-62-1101. Title

 This subchapter may be referred to and cited as the “Arkansas Higher Education Technology and Facility Improvement Act of 2005”.
AR Code § 6-62-1102 (2020)
2020 Arkansas Code|Title 6 - Education|Subtitle 5 - Postsecondary and Higher Education Generally|Chapter 62 - Property and Finances of State Institutions|Subchapter 11 - Higher Education Technology and Facility Improvement|§ 6-62-1102. Legislative findings

 The General Assembly finds that:   (1) Expanded availability of higher educational opportunities for families in this state with school-age children has become increasingly necessary in order to preserve and protect the health, welfare, and prosperity of this state and its citizens;  (2) The increasing competitiveness and technological sophistication of today's products, services, and markets and the growing importance of our dynamic economy require a highly educated and well-trained work force in order for this state to preserve, protect, and promote employment opportunities;  (3) A strong system of higher education has been and will continue to be not only a wellspring for the enhancement of this state's cultural well-being but also a substantial contributing factor to the growth of this state's economy by stimulating the development of new products and services;  (4) There is a growing need for this state to undertake projects to upgrade and expand this state's higher education technology equipment and to improve this state's higher education and physical plant; and  (5) The public policies and responsibilities of this state as described in this section cannot be fully obtained without the use of public financing and that the public financing can only be provided by the adoption of this subchapter by the General Assembly and its approval by the electors of the State of Arkansas.
AR Code § 6-62-1103 (2020)
2020 Arkansas Code|Title 6 - Education|Subtitle 5 - Postsecondary and Higher Education Generally|Chapter 62 - Property and Finances of State Institutions|Subchapter 11 - Higher Education Technology and Facility Improvement|§ 6-62-1103. Definitions

 As used in this subchapter:   (1) “Athletic facilities” means facilities used primarily for intercollegiate or intramural sports;  (2) “Bonds” means the State of Arkansas Higher Education General Obligation Bonds as authorized in this subchapter;  (3) “Debt service” means all amounts required for the payment of principal, interest, and premium, if any, due with respect to the bonds in any fiscal year, along with all associated costs, including the fees and costs of paying agents and trustees, remarketing agent fees, credit enhancement costs, arbitrage rebate costs, administrative costs, and other amounts necessary in connection with the repayment of and security for the bonds;  (4) “Develop” or “development” means the construction, repair, renovation, design, expansion, improvement, acquisition, installation, or equipping of any lands, buildings, improvements, machinery, equipment, or other properties of whatever nature, real, personal, or mixed;  (5) “Facility improvement projects” means any lands, buildings, improvements, machinery, equipment, or other property, real, personal, or mixed or any combination of property developed in pursuance of all or any of the purposes of this subchapter as promulgated by the rules established by the Arkansas Higher Education Coordinating Board that are not technology projects as defined in this subchapter;  (6) “General revenues” means the general revenues defined in § 19-6-201;  (7) “Project costs” means all or any part of the costs of developing any projects under this subchapter, costs of refunding bonds issued under this subchapter or under the Arkansas College Savings Bond Act of 1989, § 6-62-701 et seq., costs incidental or appropriate to the projects or bonds, and costs incidental or appropriate to the financing of the projects or bonds, including, without limitation, costs of issuance of the bonds, capitalized interest, liquidity facility fees, appropriate reserves, credit enhancement, bond insurance or surety bond premiums, the administrative fees of the issuer, and fees and costs for engineering, legal, and other professional, administrative, and consultant services;  (8) “State institution of higher education” means any public university, college, technical college, or community college established or authorized by the General Assembly; and  (9) “Technology projects” means any lands, buildings, improvements, machinery, equipment, or other property, real, personal, tangible or intangible, or mixed, or any combination thereof, developed in pursuance of all or any of the purposes of this subchapter but specifically for the purpose of upgrading or expanding this state's higher education technology equipment and facilities as promulgated by the rules established by the Arkansas Higher Education Coordinating Board.
AR Code § 6-62-1104 (2020)
2020 Arkansas Code|Title 6 - Education|Subtitle 5 - Postsecondary and Higher Education Generally|Chapter 62 - Property and Finances of State Institutions|Subchapter 11 - Higher Education Technology and Facility Improvement|§ 6-62-1104. Power and duties

 (a) Before any bonds may be issued during a fiscal biennium, except for refunding purposes, the Arkansas Higher Education Coordinating Board shall submit to the Governor a written plan for technology and facility improvement projects to be funded with the proceeds derived from the sale of the State of Arkansas Higher Education General Obligation Bonds, the need for the projects, the estimated benefits of the projects, and the anticipated debt service requirements for the bonds.  (b)  (1) Upon receipt of the plan, the Governor shall confer with the Chief Fiscal Officer of the State concerning the amount and availability of unrestricted funds in the General Improvement Fund or its successor fund or fund accounts, including the Development and Enhancement Fund, that would be used to meet the debt service requirements.  (2) The Chief Fiscal Officer of the State shall determine whether the annual amount of the net general revenues required to be set aside from general revenues for payment of the remaining debt service requirements in connection with the bonds to be issued under this subchapter during either year of the fiscal biennium in which the bonds are to be issued would work undue hardship upon any agency or program supported from general revenues under the provisions of the Revenue Stabilization Law, § 19-5-101 et seq.    (c) After conferring with the Chief Fiscal Officer of the State pursuant to subsection (b) of this section, if the Governor determines that issuing bonds under this subchapter is in the public interest, the Governor shall authorize by proclamation the board and the Arkansas Development Finance Authority to proceed with the issuance of the bonds under this subchapter.  (d) The authority and the board, in addition to and not in replacement or limitation of powers conferred under other laws, each shall have the power under this subchapter to:  (1) Make available bond proceeds and investment earnings on the bond proceeds to state institutions of higher education for payment of project costs in accordance with this subchapter;  (2) Enter into any and all contracts necessary or convenient for the exercise of the powers or implementation of the purposes set forth in this subchapter;  (3) Require audits or other periodic reports of any or all accounts related to construction, operation, or maintenance of any projects funded by this subchapter;  (4) Take reasonable actions to ensure that debt service requirements are met; and  (5) Take other action as may be appropriate to accomplish the purposes of this subchapter.    (e) The authority and the board are authorized to promulgate rules with respect to their powers and duties pursuant to this subchapter.  (f) No member of the authority or the board shall be liable personally for any reason arising from the issuance of bonds pursuant to this subchapter unless the person shall have acted with corrupt intent.
AR Code § 6-62-1105 (2020)
2020 Arkansas Code|Title 6 - Education|Subtitle 5 - Postsecondary and Higher Education Generally|Chapter 62 - Property and Finances of State Institutions|Subchapter 11 - Higher Education Technology and Facility Improvement|§ 6-62-1105. Authorization — Purposes

 The Arkansas Development Finance Authority, on behalf of the State of Arkansas, is authorized, subject to the approval of the voters in a statewide election, to issue bonds to be known as “State of Arkansas Higher Education General Obligation Bonds”, in a total principal amount not to exceed two hundred fifty million dollars ($250,000,000) for the purpose of financing the development of technology projects and facility improvement projects for state institutions of higher education and for the purpose of refunding bonds issued under the Arkansas College Savings Bond Act of 1989, § 6-62-701 et seq.
AR Code § 6-62-1106 (2020)
2020 Arkansas Code|Title 6 - Education|Subtitle 5 - Postsecondary and Higher Education Generally|Chapter 62 - Property and Finances of State Institutions|Subchapter 11 - Higher Education Technology and Facility Improvement|§ 6-62-1106. Bonds — Debt service limitation

 The total principal amount of bonds outstanding under this subchapter and under the Arkansas College Savings Bond Act of 1989, § 6-62-701 et seq., shall not have combined scheduled debt service payments in excess of twenty-four million dollars ($24,000,000) in any one (1) fiscal year.
AR Code § 6-62-1107 (2020)
2020 Arkansas Code|Title 6 - Education|Subtitle 5 - Postsecondary and Higher Education Generally|Chapter 62 - Property and Finances of State Institutions|Subchapter 11 - Higher Education Technology and Facility Improvement|§ 6-62-1107. Projects to be financed

 The proceeds of bonds issued under this subchapter for nonrefunding purposes shall be used to finance the development of technology projects and facility improvement projects. However, none of the projects shall be primarily for athletic facilities.
AR Code § 6-62-1109 (2020)
2020 Arkansas Code|Title 6 - Education|Subtitle 5 - Postsecondary and Higher Education Generally|Chapter 62 - Property and Finances of State Institutions|Subchapter 11 - Higher Education Technology and Facility Improvement|§ 6-62-1109. Procedure for issuing bonds

 (a)  (1) Prior to the issuance of any series of bonds, the Arkansas Development Finance Authority shall adopt a resolution or trust indenture, which may be a general resolution, series resolution, master trust indenture, series indenture, supplemental indenture, or other form of resolution or indenture, as deemed necessary by the authority authorizing the issuance of the series of State of Arkansas Higher Education General Obligation Bonds.  (2) Each resolution or trust indenture shall contain the terms, covenants, and conditions as are deemed desirable and consistent with this subchapter, including, without limitation, those pertaining to the establishment and maintenance of funds and accounts, the deposit and investment of the bond proceeds and any pledged revenues, and the rights and obligations of the State of Arkansas, its officers and officials, the authority, and the registered owners of the bonds.  (3) All bonds issued under this subchapter shall be on a parity as to security. The resolutions or trust indentures of the authority may provide for the execution and delivery by the authority of a trust indenture or trust indentures with one (1) or more banks or trust companies located within or without this state containing any of the terms, covenants, and conditions described in this section and any other terms and conditions deemed necessary by the authority, which trust indenture or trust indentures shall be binding upon the authority and the State of Arkansas, and their respective officers and officials.    (b) Any resolution or trust indenture adopted or executed under this section may provide for the retirement and defeasance of the bonds by the depositing of cash or investments in trust to be maintained for that purpose. When the provisions of the resolution or trust indenture are complied with, the bonds being refunded shall not be deemed to be bonds outstanding for the purposes of this subchapter.
AR Code § 6-62-1110 (2020)
2020 Arkansas Code|Title 6 - Education|Subtitle 5 - Postsecondary and Higher Education Generally|Chapter 62 - Property and Finances of State Institutions|Subchapter 11 - Higher Education Technology and Facility Improvement|§ 6-62-1110. Terms of bonds

 The State of Arkansas Higher Education General Obligation Bonds shall be subject to the following terms and conditions:   (1) Whether or not the interest is subject to federal taxation, the bonds shall be issued in series, as set forth in this section, in amounts sufficient to finance all or part of project costs or to refund bonds, with the respective series to be designated by the year in which issued and by alphabetical designation if more than one (1) series is to be issued in a particular year;  (2) The bonds of each series shall have such date or dates as the Arkansas Development Finance Authority shall determine and shall mature or be subject to mandatory sinking fund redemption over a period ending not later than thirty (30) years after the date of issue of each series;  (3) The bonds of each series shall bear interest at the rate or rates determined by the authority at the time of the sale of the bonds. The bonds may bear interest at either a fixed or a variable rate, or may be convertible from one (1) interest rate mode to another, and the interest shall be payable at such times as the authority shall determine;  (4) As determined by the authority, the bonds:  (A) Shall be issued in the form of bonds registered as to both principal and interest without coupons;  (B) May be in any denominations and made exchangeable for bonds of another form or denomination bearing the same rate of interest;  (C) May be made payable at designated places within or without the State of Arkansas;  (D) May be made subject to redemption prior to maturity in any manner and for any redemption prices; and  (E) May contain other terms and conditions;    (5) Each bond shall be executed with the original or facsimile signatures of the Governor, the Secretary of State, and the Chair of the Arkansas Development Finance Authority and shall have affixed or imprinted on the bond the Great Seal of the State of Arkansas. Delivery of the bonds so executed shall be valid, notwithstanding any change in the persons holding the offices occurring after the bonds have been executed; and  (6) The bonds shall have all the qualities of negotiable instruments under the laws of the State of Arkansas, subject to the provisions regarding registration of ownership set forth in this section or in the resolution or trust indenture authorizing the bonds.
AR Code § 6-62-1111 (2020)
2020 Arkansas Code|Title 6 - Education|Subtitle 5 - Postsecondary and Higher Education Generally|Chapter 62 - Property and Finances of State Institutions|Subchapter 11 - Higher Education Technology and Facility Improvement|§ 6-62-1111. Sale of bonds

 (a) The State of Arkansas Higher Education General Obligation Bonds may be sold in the manner, either at private or public sale, and upon terms as the Arkansas Development Finance Authority shall determine to be reasonable and expedient for effectuating the purposes of this subchapter. The bonds may be sold at a price acceptable to the authority, which may include a discount or a premium.  (b) If the bonds are to be sold at public sale, the authority shall give notice of the offering of the bonds in a manner reasonably designed to notify participants in the public finance industry that the offering is being made. The authority shall set the terms and conditions of bidding, including the basis on which the winning bid will be selected.  (c) The authority may:  (1) Structure the sale of bonds utilizing financing techniques recommended by its professional advisors in order to take advantage of market conditions and may obtain the most favorable interest rates consistent with the purposes of this subchapter;  (2) Enter into ancillary agreements in connection with the sale of the bonds that are necessary and advisable, including, without limitation, bond purchase agreements, remarketing agreements, letters of credit, or reimbursement agreements; and  (3) Enter into an interest rate exchange agreement or similar agreement or contract with any person on a competitive or negotiated basis under the terms and conditions as the authority shall determine in compliance with § 15-5-317.
AR Code § 6-62-1112 (2020)
2020 Arkansas Code|Title 6 - Education|Subtitle 5 - Postsecondary and Higher Education Generally|Chapter 62 - Property and Finances of State Institutions|Subchapter 11 - Higher Education Technology and Facility Improvement|§ 6-62-1112. Transfer of funds for debt service

 (a)  (1) On or before the commencement of each fiscal year, the Chief Fiscal Officer of the State shall:  (A) Determine the estimated amount required for payment of all or a part of debt service on the State of Arkansas Higher Education General Obligation Bonds issued under this subchapter during the fiscal year less the amount available for the payment of debt service from estimated moneys to be available to the Arkansas Development Finance Authority from other sources, if any; and  (B) Certify the amount computed under subdivision (a)(1)(A) of this section to the Treasurer of State, who shall transfer the certified amount from the General Revenue Fund Account of the State Apportionment Fund to a trust fund established by the resolution or trust indenture authorizing the bonds as a bond or sinking fund in order to provide for payment of all or part of the debt service on the bonds issued under this subchapter.    (2) Payments shall be made into the bond or sinking fund not later than one (1) day prior to the due date for the payment of the debt service.    (b) The obligation to make periodic transfers from the General Revenue Fund Account of the State Apportionment Fund to the bond or sinking fund shall constitute a first charge against the General Revenue Fund Account prior to all other uses to which general revenues are devoted, either under present law or under any laws that may be enacted in the future. However, to the extent that other general obligation bonds of the State of Arkansas may subsequently be incurred, all general obligation bonds shall rank on a parity of security with respect to payment from the General Revenue Fund Account.  (c) The resolution or trust indenture authorizing or securing the bonds issued shall identify the funds to which moneys shall be credited and used for the purposes identified in this subchapter. For those purposes, the holder of the trust funds is designated as the disbursing officer to administer those funds in accordance with this subchapter.  (d) Moneys in the bond or sinking fund over and above the amount necessary to ensure the prompt payment of debt service on the bonds may be used for the redemption of bonds prior to maturity in the manner and in accordance with the provisions pertaining to redemption prior to maturity, as set forth in the resolution or trust indenture authorizing or securing the bonds.
AR Code § 6-62-1113 (2020)
2020 Arkansas Code|Title 6 - Education|Subtitle 5 - Postsecondary and Higher Education Generally|Chapter 62 - Property and Finances of State Institutions|Subchapter 11 - Higher Education Technology and Facility Improvement|§ 6-62-1113. Sources of repayment

 (a) The State of Arkansas Higher Education General Obligation Bonds shall be direct general obligations of the State of Arkansas for the payment of the debt service on which the full faith and credit of the state are irrevocably pledged so long as any of the bonds are outstanding.  (b)  (1) The bonds shall be payable from the general revenues of the state, and the amount of general revenues necessary is pledged to the payment of debt service on the bonds and shall remain pledged for those purposes.  (2) Each authorizing resolution or trust indenture may provide for a reserve, credit enhancement, bond insurance, surety bond, or liquidity facility for the bonds.