reglab/housing_qa huggingface dataset:
AR Code § 6-62-713 (2020)
2020 Arkansas Code|Title 6 - Education|Subtitle 5 - Postsecondary and Higher Education Generally|Chapter 62 - Property and Finances of State Institutions|Subchapter 7 - Arkansas College Savings Bond Act|§ 6-62-713. Bonds — Terms and conditions — Series bonds

 (a) The bonds shall be issued whether or not the interest is subject to federal income taxation, in series, as set forth herein, in amounts sufficient to finance all or any part of project costs with the respective series to be designated in alphabetical order or by the year in which issued.  (b) The bonds of each series shall:  (1) Have such date as the Arkansas Development Finance Authority shall determine and shall mature semiannually or annually, or be subject to mandatory sinking fund redemption, over a period ending not later than thirty (30) years after the date of the bonds of each series so as to provide annual debt service of approximately equal amounts insofar as practicable each year throughout the term of the bonds, as determined by the authority. Pending the issuance of bonds hereunder, the authority may issue temporary notes, to be exchanged for or paid from the proceeds of bonds at such times as bonds may be issued;  (2) Bear interest at the rate or rates accepted by the authority at the sale of the bonds. Interest shall be payable at such times and in such manner as the authority shall determine, including the utilization of zero coupon or capital appreciation bonds; and  (3) 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 above.
AR Code § 6-62-714 (2020)
2020 Arkansas Code|Title 6 - Education|Subtitle 5 - Postsecondary and Higher Education Generally|Chapter 62 - Property and Finances of State Institutions|Subchapter 7 - Arkansas College Savings Bond Act|§ 6-62-714. Bonds — Resolution or trust indenture — Selection of projects

 (a) All bonds issued hereunder shall be authorized by resolution of the Arkansas Development Finance Authority. Each such resolution shall contain such terms, covenants, and conditions as are deemed desirable, including, without limitation, those pertaining to the establishment and maintenance of funds and accounts, to the deposit and investment of revenues and of bond proceeds, and to the rights and obligations of the state, its officers and officials, the authority, and the holders and registered owners of the bonds. All bonds issued under this subchapter shall be on a parity as to security. The resolution of the authority may provide for the execution and delivery by the authority of a trust indenture or trust indentures, with a bank or banks located within or without the state, containing any of the terms, covenants, and conditions referred to above, which trust indenture or trust indentures shall be binding upon the state and its officers and officials to the extent set forth in this subchapter.  (b) Any resolution or trust indenture adopted or executed under this section shall provide that power is reserved to apply to the payment of debt service on the bonds issued or secured thereunder all or any part of the revenues derived from any program or project financed by such bonds, and, to the extent of such revenues, to release from any requirement of such resolution or trust indenture other revenues and resources of the state, including, without limitation, the net general revenue required to be transferred under § 6-62-719.  (c) Any resolution of trust indenture adopted or executed under this section may provide for the retirement and defeasance of the bonds by the depositing in trust of cash or investments maintained for that purpose, and, when the provisions of such resolution or trust indenture are complied with, such bonds being refunded shall not be deemed to be bonds outstanding for the purposes of this subchapter.  (d) The Arkansas Higher Education Coordinating Board may select projects for financing and development under this subchapter which offer reasonable and realistic prospects for the production of revenues, whether by direct user fees, sales, royalties, program or gate receipts, or otherwise.
AR Code § 6-62-715 (2020)
2020 Arkansas Code|Title 6 - Education|Subtitle 5 - Postsecondary and Higher Education Generally|Chapter 62 - Property and Finances of State Institutions|Subchapter 7 - Arkansas College Savings Bond Act|§ 6-62-715. Refunding bonds

 (a) Bonds may also be issued for the purpose of refunding, either at maturity or in advance of maturity, any bonds issued under this subchapter.  (b)  (1) Such refunding bonds may either be sold or delivered in exchange for the bonds being refunded.  (2) If sold, the proceeds may either be applied to the payment of the bonds being refunded or deposited in trust and there maintained in cash or investments for the retirement of the bonds refunded, as shall be specified by the Arkansas Development Finance Authority and the authorizing resolution or trust indenture securing such refunding bonds.    (c) The authorizing resolution or trust indenture securing the refunding bonds may provide that the refunding bonds shall have the same security for their payment as provided for the bonds being refunded. Refunding bonds shall be sold and secured in accordance with provisions of this subchapter pertaining to the sale and security of the bonds.
AR Code § 6-62-716 (2020)
2020 Arkansas Code|Title 6 - Education|Subtitle 5 - Postsecondary and Higher Education Generally|Chapter 62 - Property and Finances of State Institutions|Subchapter 7 - Arkansas College Savings Bond Act|§ 6-62-716. Bonds — Execution

 (a) Each bond shall be signed with the facsimile signatures of the Governor, the Secretary of State, and the Chair of the Arkansas Development Finance Authority and by the manual or facsimile signature of the Treasurer of State or by a deputy of the Treasurer of State, and shall have affixed or imprinted thereon the Great Seal of the State of Arkansas.  (b) Interest coupons attached to the bonds, if any, shall be signed with the facsimile signature of the Treasurer of State.  (c) Delivery of bonds and coupons so executed shall be valid, notwithstanding any change in persons holding such offices occurring after the bonds have been executed.
AR Code § 6-62-717 (2020)
2020 Arkansas Code|Title 6 - Education|Subtitle 5 - Postsecondary and Higher Education Generally|Chapter 62 - Property and Finances of State Institutions|Subchapter 7 - Arkansas College Savings Bond Act|§ 6-62-717. Bonds — Sale — Employment of administrative agents, fiscal agents, and legal counsel

 (a) The bonds may be sold in such manner, either at public or private sale, and upon such terms as the Arkansas Deveopment Finance Authority shall determine to be reasonable and expedient for effectuating the purposes of this subchapter. The bonds may be sold at such prices as the authority may accept, including, but not limited to, sale at discount or a premium.  (b)  (1) If the bonds are sold at public sale, such public sale shall be on sealed bids, after notice published by the chair of the authority for at least one (1) insertion not less than twenty (20) days before the date of sale in a newspaper published in Little Rock, Arkansas, and in a financial newspaper or journal published in the Borough of Manhattan, City and State of New York, which notice shall contain such other terms and provisions as the authority determines to be desirable.  (2) The authority shall award the sale to the bidder offering to purchase the bonds at a price which results in the lowest net interest cost or true interest to the State of Arkansas determined by computing the total interest cost from date of the issue to maturity, and deducting therefrom any premium bid and adding thereto the amount of any discount bid.  (3) Provided, however, the authority shall reserve the right to reject all bids tendered at such public sale.    (c) If the bonds are sold at a private or negotiated sale, within ninety (90) days following the close of such bond issue, the authority shall file with the Legislative Council a written report of the details of the bond sale, which report shall include a listing of the firms to whom the sale was made, the rate or rates of interest paid for the bonds, the underwriting fee or discount, and other details of the underwriting of the bonds.  (d) The costs of publication of notices, bond printing, official statements, other documents, and other costs associated with the sale, issuance, and delivery of the bonds shall be paid from the proceeds of the bonds.  (e) The authority may employ administrative agents, fiscal agents, and legal counsel and may pay them reasonable compensation out of the proceeds of the bonds.
AR Code § 6-62-718 (2020)
2020 Arkansas Code|Title 6 - Education|Subtitle 5 - Postsecondary and Higher Education Generally|Chapter 62 - Property and Finances of State Institutions|Subchapter 7 - Arkansas College Savings Bond Act|§ 6-62-718. Bonds — General obligations — Pledge of revenues

 (a) The 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 of Arkansas are hereby irrevocably pledged so long as any such bonds are outstanding.  (b) The bonds shall be payable from the general revenues of the state as such term is defined in the Revenue Stabilization Law, § 19-5-101 et seq., and such amount of general revenues as is necessary is hereby pledged to the payment of debt service on the bonds and shall be and remain pledged for such purposes.
AR Code § 6-62-720 (2020)
2020 Arkansas Code|Title 6 - Education|Subtitle 5 - Postsecondary and Higher Education Generally|Chapter 62 - Property and Finances of State Institutions|Subchapter 7 - Arkansas College Savings Bond Act|§ 6-62-720. Bond — Tax exemption — Legal investments

 (a) All bonds issued under this subchapter, and interest thereon, shall be exempt from all taxes of the State of Arkansas, including income, inheritance, and property taxes.  (b) The bonds shall be eligible to secure deposits of all public funds and shall be legal for investment of municipal, county, bank, fiduciary, insurance company, and trust funds.
AR Code § 6-62-721 (2020)
2020 Arkansas Code|Title 6 - Education|Subtitle 5 - Postsecondary and Higher Education Generally|Chapter 62 - Property and Finances of State Institutions|Subchapter 7 - Arkansas College Savings Bond Act|§ 6-62-721. Bonds — Rights and liabilities — Enforcement

 (a) This subchapter shall constitute a contract between the State of Arkansas and the holders and registered owners of all bonds issued hereunder which shall never be impaired, and any violation of its terms, whether under purported legislative authority or otherwise, shall be enjoined by the courts at the suit of any bondholder or of any taxpayer.  (b) The courts, in like suit against the Arkansas Development Finance Authority or the state board, the Treasurer of State, or other appropriate officer or official of the state, shall prevent a diversion of any revenues pledged hereunder and shall compel the restoration of diverted revenues, by injunction or mandamus.  (c) Also and without limitation as to any other appropriate remedy at law or in equity, any bondholder, by an appropriate action, including without limitation, injunction or mandamus, may compel the performance of all covenants and obligations of the state, its officers and officials, hereunder.
AR Code § 6-62-722 (2020)
2020 Arkansas Code|Title 6 - Education|Subtitle 5 - Postsecondary and Higher Education Generally|Chapter 62 - Property and Finances of State Institutions|Subchapter 7 - Arkansas College Savings Bond Act|§ 6-62-722. Bonds — Rights and liabilities — Commencement

 This subchapter shall not create any right of any character, and no right of any character shall arise under or pursuant to it unless and until the first series of bonds authorized by this subchapter shall have been sold and delivered.
AR Code § 6-62-723 (2020)
2020 Arkansas Code|Title 6 - Education|Subtitle 5 - Postsecondary and Higher Education Generally|Chapter 62 - Property and Finances of State Institutions|Subchapter 7 - Arkansas College Savings Bond Act|§ 6-62-723. Bonds — Deposit of proceeds

 (a) The proceeds from the sale of the bonds, together with all revenues derived from any project financed under this subchapter shall be deposited by the Arkansas Development Finance Authority, as received, into trust funds in the State Treasury, to accomplish the purposes of this subchapter, specifically, in amounts or portions as may be set forth in the resolution or trust indenture authorizing or securing the bonds issued to finance the development of such project, into trust funds created hereby and designated as follows:  (1) Into the Higher Education Projects Development Fund, to provide for the development of projects at state institutions of higher education and the payment of project costs and expenses of the issuance of the bonds;  (2) Into the College Savings Bond Fund, to provide for payment of all or a part of debt service on bonds issued under this subchapter; and  (3) Into the College Savings Bond Debt Service Reserve Fund, to provide a reserve or reserves for payment of debt service on the bonds.    (b) The Treasurer of State is authorized and directed to establish separate accounts within such funds to correspond to the applicable series of bonds. In addition, there may be created in the State Treasury such other funds or accounts as the authority may determine in said resolution or trust indenture to be necessary to accomplish the purposes of this subchapter.
AR Code § 6-62-724 (2020)
2020 Arkansas Code|Title 6 - Education|Subtitle 5 - Postsecondary and Higher Education Generally|Chapter 62 - Property and Finances of State Institutions|Subchapter 7 - Arkansas College Savings Bond Act|§ 6-62-724. Bonds — Investment and disbursement of funds

 (a) Any moneys held in any fund created under this subchapter shall be invested by the State Board of Finance to the full extent practicable pending disbursement for the purposes intended. Notwithstanding any other provision of law, such investments shall be in accordance with the terms of the resolution or trust indenture as applicable.  (b) Moneys on deposit in the Higher Education Projects Development Fund shall only be disbursed for a project when requisitioned by the chair of the Arkansas Higher Education Coordinating Board, or duly authorized designee, and approved by the Chief Fiscal Officer of the State, or duly authorized designee, which requisition shall certify that the funds disbursed thereby are for the payment of project costs of a higher education project duly approved by the Arkansas Higher Education Coordinating Board.
AR Code § 6-62-725 (2020)
2020 Arkansas Code|Title 6 - Education|Subtitle 5 - Postsecondary and Higher Education Generally|Chapter 62 - Property and Finances of State Institutions|Subchapter 7 - Arkansas College Savings Bond Act|§ 6-62-725. Judicial review — Priority

 All cases involving the validity of this subchapter or any portion thereof, or in any way arising under this subchapter or involving the bonds issued hereunder, shall be deemed of public interest and shall be advanced by all courts and heard as a preferred cause, and all appeals from judgments or decrees rendered in such cases must be taken within thirty (30) days after the rendition of such judgment or decree.
AR Code § 6-62-726 (2020)
2020 Arkansas Code|Title 6 - Education|Subtitle 5 - Postsecondary and Higher Education Generally|Chapter 62 - Property and Finances of State Institutions|Subchapter 7 - Arkansas College Savings Bond Act|§ 6-62-726. Rules

 (a) The Division of Higher Education or other agency to which the appropriation for college savings bonds is provided shall adopt rules for the allocation of the funds reappropriated for the development of projects at state institutions of higher education and the payment of project costs and expenses of the issuance of the bonds under this subchapter in order to ensure that funds are allocated and expended in a manner consistent with the applicable provisions of the Internal Revenue Code, 26 U.S.C. § 1 et seq.  (b) The funds reappropriated for the development of projects at state institutions of higher education and the payment of project costs and expenses of the issuance of the bonds under this subchapter shall be allocated and expended pursuant to the provisions of this subchapter and other laws of this state.  (c) The expenditure and allocation of funds shall be exempt from any other provisions of state law that conflict with any provision of the rules which are required to ensure the compliance of the program with the applicable provisions of the Internal Revenue Code.
AR Code § 6-62-801 (2020)
2020 Arkansas Code|Title 6 - Education|Subtitle 5 - Postsecondary and Higher Education Generally|Chapter 62 - Property and Finances of State Institutions|Subchapter 8 - Athletic Programs|§ 6-62-801. Purpose

 The Arkansas Higher Education Coordinating Board is authorized and directed to limit unrestricted educational and general funds used to support intercollegiate athletic programs and to provide fair and equitable treatment in the amount of state subsidy of athletic program expenditures at state-supported institutions of higher education.
AR Code § 6-62-802 (2020)
2020 Arkansas Code|Title 6 - Education|Subtitle 5 - Postsecondary and Higher Education Generally|Chapter 62 - Property and Finances of State Institutions|Subchapter 8 - Athletic Programs|§ 6-62-802. Definitions

 As used in this subchapter:   (1) “Athletic deficit” means the amount of athletic expenditures offset by the amount of athletic revenues, including:  (A) Athletic-generated income;  (B) Profits from other auxiliary enterprises;  (C) The federally funded portion of college work-study students in the intercollegiate athletic program;  (D) Transfers from funds other than the unrestricted educational and general fund; and  (E) The allowable unrestricted educational and general transfer for four-year institutions, for two-year branches of four-year institutions, and for other two-year institutions of higher education;    (2) “Athletic expenditures” means:  (A) All direct and indirect expenses, prorated if necessary, including salaries;  (B) All fringe benefits such as medical and dental insurance, workers' compensation, pension plans, tuition waivers, and any other cost associated with recruitment and retention of staff;  (C) Travel;  (D) Equipment;  (E) Scholarships;  (F) Meals;  (G) Housing and dormitory supplies;  (H) Supplies;  (I) Property and medical insurance;  (J) Medical expenses;  (K) Utilities; and  (L) Maintenance of facilities related to all intercollegiate teams and spirit groups, excluding bands; and    (3) “Athletic program” means intercollegiate athletics.
AR Code § 6-62-803 (2020)
2020 Arkansas Code|Title 6 - Education|Subtitle 5 - Postsecondary and Higher Education Generally|Chapter 62 - Property and Finances of State Institutions|Subchapter 8 - Athletic Programs|§ 6-62-803. Limits on funding

 (a) For the certification required under § 6-62-805, the amount allowed to be budgeted of unrestricted educational and general funds for intercollegiate athletic programs at state-supported institutions of higher education shall be limited to an amount established by the Division of Higher Education for the fiscal year 2012-2013 or an amount of not more than two percent (2%) of the actual total unrestricted educational and general revenues of the previous fiscal year at institutions of higher education.  (b) The division shall annually adjust the allowable transfer based upon the Consumer Price Index.  (c) This section shall not apply to expenditures related to compliance with § 6-60-111 or increased compliance under 20 U.S.C. § 1092(f).
AR Code § 6-62-804 (2020)
2020 Arkansas Code|Title 6 - Education|Subtitle 5 - Postsecondary and Higher Education Generally|Chapter 62 - Property and Finances of State Institutions|Subchapter 8 - Athletic Programs|§ 6-62-804. Deficits — Assessment of student athletic fee

 (a) Any athletic deficit of an institution shall be funded by a student athletic fee authorized by the board of trustees of each institution.  (b) The student athletic fee shall be assessed on the basis of student semester credit hour and shall be clearly defined in all publications and institutional board minutes as being for the support of intercollegiate athletics, separate and distinct from other tuition or student activity fees.
AR Code § 6-62-805 (2020)
2020 Arkansas Code|Title 6 - Education|Subtitle 5 - Postsecondary and Higher Education Generally|Chapter 62 - Property and Finances of State Institutions|Subchapter 8 - Athletic Programs|§ 6-62-805. Certification by board of trustees

 The board of trustees of each institution shall certify annually by June 15 of each year to the Arkansas Higher Education Coordinating Board:   (1) That the intercollegiate athletic program will generate sufficient revenue through athletic-generated revenue, other auxiliary profits, other coordinating board-approved revenue sources, and the allowable state support as set out in § 6-62-803; or  (2) That any athletic deficit will be met by separate institutional board-sanctioned student athletic fees within the limitations established in this subchapter.
AR Code § 6-62-806 (2020)
2020 Arkansas Code|Title 6 - Education|Subtitle 5 - Postsecondary and Higher Education Generally|Chapter 62 - Property and Finances of State Institutions|Subchapter 8 - Athletic Programs|§ 6-62-806. Rules — Nondiscriminatory application

 (a) The Arkansas Higher Education Coordinating Board is authorized to promulgate any rules necessary for the implementation of this subchapter.  (b) The provisions of this subchapter shall not be implemented in such a way as to discriminate against women's athletic programs.
AR Code § 6-62-807 (2020)
2020 Arkansas Code|Title 6 - Education|Subtitle 5 - Postsecondary and Higher Education Generally|Chapter 62 - Property and Finances of State Institutions|Subchapter 8 - Athletic Programs|§ 6-62-807. Reporting expenditures

 In accordance with the uniform reporting and auditing of intercollegiate athletic expenditures of state-supported institutions of higher education, maintenance of facilities expenditures related to all intercollegiate teams and spirit groups, excluding bands, shall be reported as actual costs of operating such athletic facilities or a proration of actual costs based on athletic usage.
AR Code § 6-62-1001 (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|§ 6-62-1001. Coverage required

 (a) All two-year and four-year public institutions of higher education shall be required to provide workers' compensation coverage for their employees.  (b) Coverage shall be provided for losses incurred while performing work for the two-year or four-year public institution of higher education.
AR Code § 6-62-1002 (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|§ 6-62-1002. Election to provide self-funded coverage

 (a) Claims incurred on and after the effective date that a public institution of higher education elects to provide self-funded coverage under this subchapter shall be the responsibility of the two-year or four-year public institution of higher education.  (b) Claims incurred prior to the effective date that a public institution of higher education elects to provide self-funded coverage under this subchapter shall become the responsibility of the two-year or four-year public institution of higher education, and the workers' compensation trust fund maintained for each institution by the Department of Finance and Administration shall be paid to the institution by the Public Employee Claims Division on the effective date of the election.  (c) The division shall assist and provide necessary records to institutions making an election under this subchapter or to their designees.