reglab/statecodes huggingface dataset:
Arkansas Code of 1987 (2023) › Title 6 - EDUCATION (§§ 6-1-101 — 6-87-104) › Subtitle 5 - POSTSECONDARY AND HIGHER EDUCATION GENERALLY (§§ 6-60-101 — 6-71-142) › Chapter 61 - POSTSECONDARY INSTITUTIONS GENERALLY (§§ 6-61-101 — 6-61-1703) › Subchapter 13 - PRODUCTIVITY ENHANCEMENT FOR UNDERGRADUATE HIGHER EDUCATION ACT (§§ 6-61-1301 — 6-61-1312) › Section 6-61-1301 - [Repealed]

Repealed by Act 2019, No. 256,§ 5, eff. 7/24/2019.
Acts 2007, No. 1592, § 1.
Arkansas Code of 1987 (2023) › Title 6 - EDUCATION (§§ 6-1-101 — 6-87-104) › Subtitle 5 - POSTSECONDARY AND HIGHER EDUCATION GENERALLY (§§ 6-60-101 — 6-71-142) › Chapter 61 - POSTSECONDARY INSTITUTIONS GENERALLY (§§ 6-61-101 — 6-61-1703) › Subchapter 13 - PRODUCTIVITY ENHANCEMENT FOR UNDERGRADUATE HIGHER EDUCATION ACT (§§ 6-61-1301 — 6-61-1312) › Section 6-61-1302 - [Repealed]

Repealed by Act 2019, No. 256,§ 5, eff. 7/24/2019.
Acts 2007, No. 1592, § 1.
Arkansas Code of 1987 (2023) › Title 6 - EDUCATION (§§ 6-1-101 — 6-87-104) › Subtitle 5 - POSTSECONDARY AND HIGHER EDUCATION GENERALLY (§§ 6-60-101 — 6-71-142) › Chapter 61 - POSTSECONDARY INSTITUTIONS GENERALLY (§§ 6-61-101 — 6-61-1703) › Subchapter 13 - PRODUCTIVITY ENHANCEMENT FOR UNDERGRADUATE HIGHER EDUCATION ACT (§§ 6-61-1301 — 6-61-1312) › Section 6-61-1303 - [Repealed]

Amended by Act 2019, No. 910,§ 1993, eff. 7/1/2019.
Repealed by Act 2019, No. 256,§ 5, eff. 7/24/2019.
Acts 2007, No. 1592, § 1.
Arkansas Code of 1987 (2023) › Title 6 - EDUCATION (§§ 6-1-101 — 6-87-104) › Subtitle 5 - POSTSECONDARY AND HIGHER EDUCATION GENERALLY (§§ 6-60-101 — 6-71-142) › Chapter 61 - POSTSECONDARY INSTITUTIONS GENERALLY (§§ 6-61-101 — 6-61-1703) › Subchapter 13 - PRODUCTIVITY ENHANCEMENT FOR UNDERGRADUATE HIGHER EDUCATION ACT (§§ 6-61-1301 — 6-61-1312) › Section 6-61-1304 - [Repealed]

Repealed by Act 2019, No. 256,§ 5, eff. 7/24/2019.
Acts 2007, No. 1592, § 1.
Arkansas Code of 1987 (2023) › Title 6 - EDUCATION (§§ 6-1-101 — 6-87-104) › Subtitle 5 - POSTSECONDARY AND HIGHER EDUCATION GENERALLY (§§ 6-60-101 — 6-71-142) › Chapter 61 - POSTSECONDARY INSTITUTIONS GENERALLY (§§ 6-61-101 — 6-61-1703) › Subchapter 13 - PRODUCTIVITY ENHANCEMENT FOR UNDERGRADUATE HIGHER EDUCATION ACT (§§ 6-61-1301 — 6-61-1312) › Section 6-61-1305 - [Repealed]

Repealed by Act 2019, No. 256,§ 5, eff. 7/24/2019.
Acts 2007, No. 1592, § 1.
Arkansas Code of 1987 (2023) › Title 6 - EDUCATION (§§ 6-1-101 — 6-87-104) › Subtitle 5 - POSTSECONDARY AND HIGHER EDUCATION GENERALLY (§§ 6-60-101 — 6-71-142) › Chapter 61 - POSTSECONDARY INSTITUTIONS GENERALLY (§§ 6-61-101 — 6-61-1703) › Subchapter 13 - PRODUCTIVITY ENHANCEMENT FOR UNDERGRADUATE HIGHER EDUCATION ACT (§§ 6-61-1301 — 6-61-1312) › Section 6-61-1306 - [Repealed]

Repealed by Act 2019, No. 256,§ 5, eff. 7/24/2019.
Acts 2007, No. 1592, § 1.
Arkansas Code of 1987 (2023) › Title 6 - EDUCATION (§§ 6-1-101 — 6-87-104) › Subtitle 5 - POSTSECONDARY AND HIGHER EDUCATION GENERALLY (§§ 6-60-101 — 6-71-142) › Chapter 61 - POSTSECONDARY INSTITUTIONS GENERALLY (§§ 6-61-101 — 6-61-1703) › Subchapter 13 - PRODUCTIVITY ENHANCEMENT FOR UNDERGRADUATE HIGHER EDUCATION ACT (§§ 6-61-1301 — 6-61-1312) › Section 6-61-1307 - [Repealed]

Repealed by Act 2019, No. 256,§ 5, eff. 7/24/2019.
Acts 2007, No. 1592, § 1.
Arkansas Code of 1987 (2023) › Title 6 - EDUCATION (§§ 6-1-101 — 6-87-104) › Subtitle 5 - POSTSECONDARY AND HIGHER EDUCATION GENERALLY (§§ 6-60-101 — 6-71-142) › Chapter 61 - POSTSECONDARY INSTITUTIONS GENERALLY (§§ 6-61-101 — 6-61-1703) › Subchapter 13 - PRODUCTIVITY ENHANCEMENT FOR UNDERGRADUATE HIGHER EDUCATION ACT (§§ 6-61-1301 — 6-61-1312) › Section 6-61-1308 - [Repealed]

Repealed by Act 2019, No. 256,§ 5, eff. 7/24/2019.
Acts 2007, No. 1592, § 1.
Arkansas Code of 1987 (2023) › Title 6 - EDUCATION (§§ 6-1-101 — 6-87-104) › Subtitle 5 - POSTSECONDARY AND HIGHER EDUCATION GENERALLY (§§ 6-60-101 — 6-71-142) › Chapter 61 - POSTSECONDARY INSTITUTIONS GENERALLY (§§ 6-61-101 — 6-61-1703) › Subchapter 13 - PRODUCTIVITY ENHANCEMENT FOR UNDERGRADUATE HIGHER EDUCATION ACT (§§ 6-61-1301 — 6-61-1312) › Section 6-61-1309 - [Repealed]

Repealed by Act 2019, No. 256,§ 5, eff. 7/24/2019.
Acts 2007, No. 1592, § 1.
Arkansas Code of 1987 (2023) › Title 6 - EDUCATION (§§ 6-1-101 — 6-87-104) › Subtitle 5 - POSTSECONDARY AND HIGHER EDUCATION GENERALLY (§§ 6-60-101 — 6-71-142) › Chapter 61 - POSTSECONDARY INSTITUTIONS GENERALLY (§§ 6-61-101 — 6-61-1703) › Subchapter 13 - PRODUCTIVITY ENHANCEMENT FOR UNDERGRADUATE HIGHER EDUCATION ACT (§§ 6-61-1301 — 6-61-1312) › Section 6-61-1310 - [Repealed]

Repealed by Act 2019, No. 256,§ 5, eff. 7/24/2019.
Acts 2007, No. 1592, § 1.
Arkansas Code of 1987 (2023) › Title 6 - EDUCATION (§§ 6-1-101 — 6-87-104) › Subtitle 5 - POSTSECONDARY AND HIGHER EDUCATION GENERALLY (§§ 6-60-101 — 6-71-142) › Chapter 61 - POSTSECONDARY INSTITUTIONS GENERALLY (§§ 6-61-101 — 6-61-1703) › Subchapter 13 - PRODUCTIVITY ENHANCEMENT FOR UNDERGRADUATE HIGHER EDUCATION ACT (§§ 6-61-1301 — 6-61-1312) › Section 6-61-1311 - [Repealed]

Repealed by Act 2019, No. 256,§ 5, eff. 7/24/2019.
Acts 2007, No. 1592, § 1.
Arkansas Code of 1987 (2023) › Title 6 - EDUCATION (§§ 6-1-101 — 6-87-104) › Subtitle 5 - POSTSECONDARY AND HIGHER EDUCATION GENERALLY (§§ 6-60-101 — 6-71-142) › Chapter 61 - POSTSECONDARY INSTITUTIONS GENERALLY (§§ 6-61-101 — 6-61-1703) › Subchapter 13 - PRODUCTIVITY ENHANCEMENT FOR UNDERGRADUATE HIGHER EDUCATION ACT (§§ 6-61-1301 — 6-61-1312) › Section 6-61-1312 - [Repealed]

Repealed by Act 2019, No. 256,§ 5, eff. 7/24/2019.
Acts 2007, No. 1592, § 1.
Arkansas Code of 1987 (2023) › Title 6 - EDUCATION (§§ 6-1-101 — 6-87-104) › Subtitle 5 - POSTSECONDARY AND HIGHER EDUCATION GENERALLY (§§ 6-60-101 — 6-71-142) › Chapter 61 - POSTSECONDARY INSTITUTIONS GENERALLY (§§ 6-61-101 — 6-61-1703) › Subchapter 14 - COMMON COURSE NUMBERING SYSTEM (§§ 6-61-1401 — 6-61-1407) › Section 6-61-1401 - Purpose

The Arkansas Higher Education Coordinating Board, in collaboration with all state-supported institutions of higher education, shall implement a statewide common course numbering system that:
(1)
Provides improved program planning;
(2)
Increases communication among all delivery systems;
(3)
Facilitates the transfer of students and credits between state-supported institutions of higher education; and
(4)
Promotes consistency in course designation and identification.
Acts 2011, No. 747, § 5.
Arkansas Code of 1987 (2023) › Title 6 - EDUCATION (§§ 6-1-101 — 6-87-104) › Subtitle 5 - POSTSECONDARY AND HIGHER EDUCATION GENERALLY (§§ 6-60-101 — 6-71-142) › Chapter 61 - POSTSECONDARY INSTITUTIONS GENERALLY (§§ 6-61-101 — 6-61-1703) › Subchapter 14 - COMMON COURSE NUMBERING SYSTEM (§§ 6-61-1401 — 6-61-1407) › Section 6-61-1402 - Courses included in common course numbering system

(a)
(1)
The Arkansas Higher Education Coordinating Board, in collaboration with all state-supported institutions of higher education, shall develop and approve a statewide common course numbering system for lower-division general education courses found within the Arkansas Course Transfer System.
(2)
A state-supported institution of higher education that is not in full compliance with this subchapter shall not be eligible to accept state aid from the Higher Education Grants Fund Account on behalf of a student.
(b)
(1)
A course designated as an upper-division course level may be offered by any four-year state-supported institution of higher education and shall be characterized by a need for advanced academic preparation and skills that a student would be unlikely to achieve without significant prior coursework.
(2)
Upper-division courses are not required to be included in the common course numbering system.
(c)
A course designated as a lower-division course level may be offered by any state-supported institution of higher education.
(d)
The common course numbering system shall include the thirty-five-hour general education core and major program prerequisites that are included in the state minimum core curriculum under §
6-61-231
.
Acts 2011, No. 747, § 5.
Arkansas Code of 1987 (2023) › Title 6 - EDUCATION (§§ 6-1-101 — 6-87-104) › Subtitle 5 - POSTSECONDARY AND HIGHER EDUCATION GENERALLY (§§ 6-60-101 — 6-71-142) › Chapter 61 - POSTSECONDARY INSTITUTIONS GENERALLY (§§ 6-61-101 — 6-61-1703) › Subchapter 14 - COMMON COURSE NUMBERING SYSTEM (§§ 6-61-1401 — 6-61-1407) › Section 6-61-1403 - Additions or alterations

(a)
The Commissioner of the Division of Higher Education shall recommend to the Arkansas Higher Education Coordinating Board any additions or alterations to the common course numbering system.
(b)
The board, with input from the Presidents Council, shall consider the recommended additions and alterations to the common course numbering system.
(c)
The board may adopt or refuse to adopt suggested additions or alterations to the common course numbering system.
Amended by Act 2023, No. 786,§ 22, eff. 4/12/2023.
Amended by Act 2019, No. 910,§ 1994, eff. 7/1/2019.
Acts 2011, No. 747, § 5.
Arkansas Code of 1987 (2023) › Title 6 - EDUCATION (§§ 6-1-101 — 6-87-104) › Subtitle 5 - POSTSECONDARY AND HIGHER EDUCATION GENERALLY (§§ 6-60-101 — 6-71-142) › Chapter 61 - POSTSECONDARY INSTITUTIONS GENERALLY (§§ 6-61-101 — 6-61-1703) › Subchapter 14 - COMMON COURSE NUMBERING SYSTEM (§§ 6-61-1401 — 6-61-1407) › Section 6-61-1404 - Course listings

Each state-supported institution of higher education shall include the common course numbers approved by the Arkansas Higher Education Coordinating Board in all:
(1)
Course listings;
(2)
Course documents;
(3)
Catalogs;
(4)
Websites; and
(5)
Other published materials that designate course listings.
Acts 2011, No. 747, § 5.
Arkansas Code of 1987 (2023) › Title 6 - EDUCATION (§§ 6-1-101 — 6-87-104) › Subtitle 5 - POSTSECONDARY AND HIGHER EDUCATION GENERALLY (§§ 6-60-101 — 6-71-142) › Chapter 61 - POSTSECONDARY INSTITUTIONS GENERALLY (§§ 6-61-101 — 6-61-1703) › Subchapter 14 - COMMON COURSE NUMBERING SYSTEM (§§ 6-61-1401 — 6-61-1407) › Section 6-61-1405 - Participation by institutions of higher education that are not state-supported

An institution of higher education that is not state-supported may participate in the common course numbering system if the institution has approved courses listed in the state minimum core curriculum under §
6-61-231
.
Acts 2011, No. 747, § 5.
Arkansas Code of 1987 (2023) › Title 6 - EDUCATION (§§ 6-1-101 — 6-87-104) › Subtitle 5 - POSTSECONDARY AND HIGHER EDUCATION GENERALLY (§§ 6-60-101 — 6-71-142) › Chapter 61 - POSTSECONDARY INSTITUTIONS GENERALLY (§§ 6-61-101 — 6-61-1703) › Subchapter 14 - COMMON COURSE NUMBERING SYSTEM (§§ 6-61-1401 — 6-61-1407) › Section 6-61-1406 - Courses review

The Division of Higher Education shall:
(1)
Regularly schedule reviews of courses that are listed in the common course numbering system;
(2)
Establish review procedures; and
(3)
Adopt policies to carry out this section.
Amended by Act 2019, No. 910,§ 1995, eff. 7/1/2019.
Acts 2011, No. 747, § 5.
Arkansas Code of 1987 (2023) › Title 6 - EDUCATION (§§ 6-1-101 — 6-87-104) › Subtitle 5 - POSTSECONDARY AND HIGHER EDUCATION GENERALLY (§§ 6-60-101 — 6-71-142) › Chapter 61 - POSTSECONDARY INSTITUTIONS GENERALLY (§§ 6-61-101 — 6-61-1703) › Subchapter 14 - COMMON COURSE NUMBERING SYSTEM (§§ 6-61-1401 — 6-61-1407) › Section 6-61-1407 - Data collection

(a)
The Division of Higher Education shall adopt policies for the collection of data to ensure that all institutions of higher education that participate in the common course numbering system comply with this subchapter.
(b)
The division shall determine the data to be collected and annually notify each participating institution of higher education in a timely manner.
Amended by Act 2019, No. 910,§ 1996, eff. 7/1/2019.
Acts 2011, No. 747, § 5.
Arkansas Code of 1987 (2023) › Title 6 - EDUCATION (§§ 6-1-101 — 6-87-104) › Subtitle 5 - POSTSECONDARY AND HIGHER EDUCATION GENERALLY (§§ 6-60-101 — 6-71-142) › Chapter 61 - POSTSECONDARY INSTITUTIONS GENERALLY (§§ 6-61-101 — 6-61-1703) › Subchapter 15 - ELECTRICAL ENERGY ADVANCEMENT PROGRAM (§§ 6-61-1501 — 6-61-1503) › Section 6-61-1501 - [Repealed]

Repealed by Act 2023, No. 365,§ 14, eff. 7/1/2023.
Acts 2011, No. 1232, § 2.
Arkansas Code of 1987 (2023) › Title 6 - EDUCATION (§§ 6-1-101 — 6-87-104) › Subtitle 5 - POSTSECONDARY AND HIGHER EDUCATION GENERALLY (§§ 6-60-101 — 6-71-142) › Chapter 61 - POSTSECONDARY INSTITUTIONS GENERALLY (§§ 6-61-101 — 6-61-1703) › Subchapter 15 - ELECTRICAL ENERGY ADVANCEMENT PROGRAM (§§ 6-61-1501 — 6-61-1503) › Section 6-61-1502 - [Repealed]

Repealed by Act 2023, No. 365,§ 14, eff. 7/1/2023.
Amended by Act 2019, No. 910,§ 165, eff. 7/1/2019.
Amended by Act 2015EX1, No. 8,§ 73, eff. 7/1/2015.
Amended by Act 2015EX1, No. 7,§ 73, eff. 7/1/2015.
Acts 2011, No. 1232, § 2.
Arkansas Code of 1987 (2023) › Title 6 - EDUCATION (§§ 6-1-101 — 6-87-104) › Subtitle 5 - POSTSECONDARY AND HIGHER EDUCATION GENERALLY (§§ 6-60-101 — 6-71-142) › Chapter 61 - POSTSECONDARY INSTITUTIONS GENERALLY (§§ 6-61-101 — 6-61-1703) › Subchapter 15 - ELECTRICAL ENERGY ADVANCEMENT PROGRAM (§§ 6-61-1501 — 6-61-1503) › Section 6-61-1503 - [Repealed]

Repealed by Act 2023, No. 365,§ 14, eff. 7/1/2023.
Acts 2011, No. 1232, § 2.
Arkansas Code of 1987 (2023) › Title 6 - EDUCATION (§§ 6-1-101 — 6-87-104) › Subtitle 5 - POSTSECONDARY AND HIGHER EDUCATION GENERALLY (§§ 6-60-101 — 6-71-142) › Chapter 61 - POSTSECONDARY INSTITUTIONS GENERALLY (§§ 6-61-101 — 6-61-1703) › Subchapter 16 - ARKANSAS ENERGY SUMMARY AND REPORT (§§ 6-61-1601 — 6-61-1603) › Section 6-61-1601 - Findings

The General Assembly finds that:
(1)
There is a need to create and promote a comprehensive energy summary and report for the state.
(2)
The collaboration of all state-supported institutions of higher education that participate in energy research activities is vital to ensure an orderly and effective set of data and other research necessary to promote energy conservation and develop alternative energy sources on a statewide level.
Added by Act 2013, No. 280,§ 1, eff. 8/16/2013.
Arkansas Code of 1987 (2023) › Title 6 - EDUCATION (§§ 6-1-101 — 6-87-104) › Subtitle 5 - POSTSECONDARY AND HIGHER EDUCATION GENERALLY (§§ 6-60-101 — 6-71-142) › Chapter 61 - POSTSECONDARY INSTITUTIONS GENERALLY (§§ 6-61-101 — 6-61-1703) › Subchapter 16 - ARKANSAS ENERGY SUMMARY AND REPORT (§§ 6-61-1601 — 6-61-1603) › Section 6-61-1602 - Institutional Energy Research Committee - Creation - Purpose

(a)
The Arkansas Higher Education Coordinating Board shall coordinate the efforts of all state-supported institutions that participate in energy research activities in the development of the Arkansas Energy Summary and Report.
(b)
The Division of Higher Education, in collaboration with state-supported institutions of higher education that participate in energy research activities, shall appoint at least one (1) member of the research faculty at each state-supported institution of higher education that participates in energy research activities to serve on the Institutional Energy Research Committee.
(c)
(1)
The purpose of the committee is to coordinate ongoing energy research efforts taking place at each state-supported institution of higher education and create the Arkansas Energy Summary and Report.
(2)
The committee shall modify the Arkansas Energy Summary and Report as necessary to ensure it is updated with the latest energy research available.
Amended by Act 2019, No. 910,§ 1997, eff. 7/1/2019.
Added by Act 2013, No. 280,§ 1, eff. 8/16/2013.
Arkansas Code of 1987 (2023) › Title 6 - EDUCATION (§§ 6-1-101 — 6-87-104) › Subtitle 5 - POSTSECONDARY AND HIGHER EDUCATION GENERALLY (§§ 6-60-101 — 6-71-142) › Chapter 61 - POSTSECONDARY INSTITUTIONS GENERALLY (§§ 6-61-101 — 6-61-1703) › Subchapter 16 - ARKANSAS ENERGY SUMMARY AND REPORT (§§ 6-61-1601 — 6-61-1603) › Section 6-61-1603 - Arkansas Energy Summary and Report

(a)
The Institutional Energy Research Committee shall create and adopt the Arkansas Energy Summary and Report that includes without limitation the:
(1)
Energy production and usage in Arkansas, including:
(A)
Current sources of energy in Arkansas by percentage and cost;
(B)
Current energy demand and percentage of use of each energy source, including the production capacity of each energy source;
(C)
Projected energy use for the next:
(i)
Ten (10) years; and
(ii)
Twenty (20) years;
(D)
Current and projected cost per kilowatt of additional energy production capabilities for the following energy sources:
(i)
Coal;
(ii)
Hydroelectric;
(iii)
Natural gas;
(iv)
Nuclear;
(v)
Solar;
(vi)
Wind;
(vii)
Lignite; and
(viii)
Other; and
(E)
Environmental challenges and the impact of each energy source listed in subdivision (a)(1)(D) of this section;
(2)
Energy production capacity compared to projected energy growth;
(3)
Economical methods for additional energy sources into the market; and
(4)
Current and possible tax incentives or governmental policies to promote an increase in energy production capacity for state energy consumption or export to other states.
(b)
The committee shall submit the Arkansas Energy Summary and Report and relevant data, research, and findings to the Joint Committee on Energy no later than July 1, 2014.
Added by Act 2013, No. 280,§ 1, eff. 8/16/2013.
Arkansas Code of 1987 (2023) › Title 6 - EDUCATION (§§ 6-1-101 — 6-87-104) › Subtitle 5 - POSTSECONDARY AND HIGHER EDUCATION GENERALLY (§§ 6-60-101 — 6-71-142) › Chapter 61 - POSTSECONDARY INSTITUTIONS GENERALLY (§§ 6-61-101 — 6-61-1703) › Subchapter 17 - HIGHER EDUCATION CONSUMER GUIDE ACT (§§ 6-61-1701 — 6-61-1703) › Section 6-61-1701 - Title

This subchapter shall be known and may be cited as the "Higher Education Consumer Guide Act".
Added by Act 2021, No. 539,§ 1, eff. 7/28/2021.
Arkansas Code of 1987 (2023) › Title 6 - EDUCATION (§§ 6-1-101 — 6-87-104) › Subtitle 5 - POSTSECONDARY AND HIGHER EDUCATION GENERALLY (§§ 6-60-101 — 6-71-142) › Chapter 61 - POSTSECONDARY INSTITUTIONS GENERALLY (§§ 6-61-101 — 6-61-1703) › Subchapter 17 - HIGHER EDUCATION CONSUMER GUIDE ACT (§§ 6-61-1701 — 6-61-1703) › Section 6-61-1702 - Definitions

As used in this subchapter:
(1)
"Peer institution of higher education" means an in-state or out-of-state state-supported institution of higher education that is selected to be used for comparative analysis and benchmarking of institutional qualities; and
(2)
"State-supported institution of higher education" means a state-supported two-year or four-year college or university.
Added by Act 2021, No. 539,§ 1, eff. 7/28/2021.
Arkansas Code of 1987 (2023) › Title 6 - EDUCATION (§§ 6-1-101 — 6-87-104) › Subtitle 5 - POSTSECONDARY AND HIGHER EDUCATION GENERALLY (§§ 6-60-101 — 6-71-142) › Chapter 62 - PROPERTY AND FINANCES OF STATE INSTITUTIONS (§§ 6-62-101 — 6-62-1204) › Subchapter 1 - GENERAL PROVISIONS (§§ 6-62-101 — 6-62-110) › Section 6-62-101 - Sale of water

(a)
(1)
State-supported institutions of higher education are authorized to perform contracts with private persons, made and entered into prior to June 10, 1965, whereby the institutions have agreed to furnish surplus water to those persons from supplies owned by the institutions.
(2)
However, state-supported institutions of higher education shall not make or enter into any new contract or renewal of an existing contract to furnish water to any private person from supplies owned by the institutions.
(3)
Any such institution of higher education may cease to furnish water to any private person being furnished surplus waters if the board of the institution shall determine that the water is needed for the purposes of the institution.
(b)
The provisions of this section shall not be applicable to the research and extension centers and stations of the University of Arkansas or any other research facilities of the University of Arkansas.
(c)
Any contract or renewal of a contract made and entered into in violation of the terms of this section shall be void.
Amended by Act 2023, No. 124,§ 8, eff. 8/1/2023.
Acts 1965, No. 388, §§ 1, 2; A.S.A. 1947, §§ 80-3335, 80-3336.
Arkansas Code of 1987 (2023) › Title 6 - EDUCATION (§§ 6-1-101 — 6-87-104) › Subtitle 5 - POSTSECONDARY AND HIGHER EDUCATION GENERALLY (§§ 6-60-101 — 6-71-142) › Chapter 62 - PROPERTY AND FINANCES OF STATE INSTITUTIONS (§§ 6-62-101 — 6-62-1204) › Subchapter 1 - GENERAL PROVISIONS (§§ 6-62-101 — 6-62-110) › Section 6-62-102 - Military training property and equipment

(a)
The governing board of each state educational institution has authority to:
(1)
Enter into contracts for the use of property and equipment for military training purposes; and
(2)
Enter into any mutually agreeable contract incidental thereto as may be required by federal law or regulations of the United States Secretary of the Army, the United States Secretary of the Navy, or the United States Secretary of the Air Force, or other federal officer or agency, for the care and safekeeping of such property and equipment, or for similar purposes; and
(3)
Make reimbursement for such property and equipment.
(b)
The cost of any bonds or security and reimbursements shall be paid from funds available for the operation of the institution or school district. This includes, but is not limited to, the authority to obligate any funds available, whether by appropriation or otherwise, for the purpose of executing bonds to secure the safekeeping and return of United States Government property issued in connection with military training purposes.
Acts 1955, No. 176, § 1; A.S.A. 1947, § 80-3317.
Arkansas Code of 1987 (2023) › Title 6 - EDUCATION (§§ 6-1-101 — 6-87-104) › Subtitle 5 - POSTSECONDARY AND HIGHER EDUCATION GENERALLY (§§ 6-60-101 — 6-71-142) › Chapter 62 - PROPERTY AND FINANCES OF STATE INSTITUTIONS (§§ 6-62-101 — 6-62-1204) › Subchapter 1 - GENERAL PROVISIONS (§§ 6-62-101 — 6-62-110) › Section 6-62-103 - Endowment of chairs - Attraction of exceptionally qualified academic and nonacademic personnel

(a)
(1)
Private contributors to state-supported colleges and universities frequently designate their gifts for the purpose of endowing academic chairs or attracting personnel with exceptional qualifications.
(2)
In order to appropriately compensate these individuals from private funds contributed for such purposes, special provisions for payments exceeding maximum authorized compensation levels are necessary.
(b)
The board of trustees of any state-supported college or university in Arkansas may authorize salary or salary-related payments to individuals from funds contributed for such purposes which exceed the maximum for positions established by state law, subject to the limitations established in this section.
(c)
In order for the board to authorize additional payments as established in subsection (b) of this section, the individuals to receive the payments must be:
(1)
Selected and recommended by the appropriate department;
(2)
Approved by appropriate administrative personnel, the president, and the board; and
(3)
(A)
The holders of academic or research chairs endowed wholly or in part by contributions from sources other than public funds;
(B)
Exceptionally qualified academic or nonacademic personnel; or
(C)
Visiting academic/research faculty members for a specified period whose service is endowed or supported wholly or in part by contributions from sources other than public funds.
(d)
All funds paid to any individual above the maximum established by law as authorized in this section must come from private contributions or from the proceeds from private contributions designated for such purposes.
(e)
(1)
The provisions of this section are supplemental to the fiduciary authority and powers of boards of trustees of public colleges and universities to expend funds as public trustees for the benefit of the institution to attract and retain exceptionally qualified academic and nonacademic employees.
(2)
Nothing in this section shall prohibit or be construed to prohibit boards of trustees of public colleges and universities from authorizing salary or salary-related payments to exceptionally qualified academic or nonacademic personnel in excess of the maximum established by law or from approving or ratifying such payments previously made provided that the amount of any such payment above the maximum established by law and only such amount must come from private contributions or from the proceeds from private contributions designated for such purposes.
Acts 1985, No. 335, §§ 1-3; A.S.A. 1947, §§ 80-3394, 80-3394.1, 80-3394.2; Acts 1991, No. 822, § 1; 1999, No. 998, § 1.
Arkansas Code of 1987 (2023) › Title 6 - EDUCATION (§§ 6-1-101 — 6-87-104) › Subtitle 5 - POSTSECONDARY AND HIGHER EDUCATION GENERALLY (§§ 6-60-101 — 6-71-142) › Chapter 62 - PROPERTY AND FINANCES OF STATE INSTITUTIONS (§§ 6-62-101 — 6-62-1204) › Subchapter 1 - GENERAL PROVISIONS (§§ 6-62-101 — 6-62-110) › Section 6-62-105 - Private borrowing by institutions of higher education

(a)
(1)
Upon approval of the board of trustees of a state-supported institution of higher education, the Division of Higher Education, and the Chief Fiscal Officer of the State, a state-supported institution of higher education may borrow funds determined by the board to be necessary to continue the operation of the state-supported institution of higher education from a private financial institution if the Revolving Loan Fund is insufficient, as certified by the Chief Fiscal Officer of the State, for a state-supported institution of higher education to participate in the fund.
(2)
A state-supported institution of higher education shall not have outstanding loans in the aggregate under this section in excess of eighty-five percent (85%) of the total of the actual May and June general revenues distributed during the immediately preceding fiscal year to the state-supported institution of higher education.
(b)
(1)
The principal amount of the loans described in subsection (a) of this section shall be repaid from general revenues distributed to the state-supported institution of higher education during the months of May and June of the fiscal year in which the loans were obtained.
(2)
All interest and other charges shall be paid from cash funds of the state-supported institution of higher education.
(c)
(1)
Notwithstanding subsections (a) and (b) of this section or §
19-4-705
, the Chief Fiscal Officer of the State and the Commissioner of the Division of Higher Education may authorize a state-supported institution of higher education to borrow funds from a private financial institution provided that the board of trustees certifies that borrowing funds from a private financial institution:
(A)
Is required to continue essential operations of the state-supported institution of higher education into the following fiscal year; and
(B)
Will be repaid not later than one hundred twenty (120) days after the start of the following fiscal year.
(2)
The aggregate amount of funds borrowed from private financial institutions may not exceed the limits set in subsection (a) of this section.
(3)
Upon repayment, the chief financial officer of the state-supported institution of higher education shall certify in writing to the Chief Fiscal Officer of the State and the commissioner the:
(A)
Date of the repayment; and
(B)
Amount of the repayment.
(4)
This subsection shall expire on June 30, 2011.
(d)
The Chief Fiscal Officer of the State shall promulgate rules necessary for the implementation of this section.
Amended by Act 2023, No. 786,§ 23, eff. 4/12/2023.
Amended by Act 2019, No. 315,§ 373, eff. 7/24/2019.
Amended by Act 2019, No. 910,§ 1999, eff. 7/1/2019.
Amended by Act 2019, No. 910,§ 1998, eff. 7/1/2019.
Acts 1987, No. 367, §§ 1, 2; 2009, No. 571, § 1.
Arkansas Code of 1987 (2023) › Title 6 - EDUCATION (§§ 6-1-101 — 6-87-104) › Subtitle 5 - POSTSECONDARY AND HIGHER EDUCATION GENERALLY (§§ 6-60-101 — 6-71-142) › Chapter 62 - PROPERTY AND FINANCES OF STATE INSTITUTIONS (§§ 6-62-101 — 6-62-1204) › Subchapter 1 - GENERAL PROVISIONS (§§ 6-62-101 — 6-62-110) › Section 6-62-106 - Uniform reporting of athletic expenditures

(a)
The Arkansas Higher Education Coordinating Board, with the assistance of Arkansas Legislative Audit, is authorized and directed to establish uniform reporting and auditing to report athletic costs and revenues of each state-supported institution of higher education.
(b)
Such reports shall be subject to annual review by the Legislative Joint Auditing Committee and shall be made public by the board.
(c)
The uniform report shall include the following definitions:
(1)
"Athletic expenditures" means all direct and indirect expenses, prorated if necessary, including salaries, all fringe benefits such as medical and dental insurance, workers' compensation, pension plans, tuition waivers, and any other costs associated with recruitment and retention of staff, travel, equipment, scholarships, meals, housing or dormitory, supplies, property and medical insurance, medical expenses, utilities, and maintenance of facilities related to all intercollegiate teams and spirit groups excluding bands; and
(2)
"Income" means all direct income from gate receipts, revenues from related concession sales, advertising and media revenue, gifts from private donors, deposited and expensed by the athletic account, and any fees in addition to regular tuition and fees paid by students as approved for support of the intercollegiate athletic program pursuant to procedures prescribed by the board, and all transfers from other funds or accounts.
(d)
The board shall report to the Legislative Council or the Joint Budget Committee the failure of an institution to report athletic costs and revenue utilizing the uniform report required by this section.
(e)
All state-supported institutions of higher education shall report athletic costs and revenues utilizing the uniform report developed by the board by October 1 of each year.
(f)
The board shall compile the reports and make them available to the Legislative Joint Auditing Committee and the public by November 1 of each year.
Acts 1989, No. 245, §§ 1, 2.
Arkansas Code of 1987 (2023) › Title 6 - EDUCATION (§§ 6-1-101 — 6-87-104) › Subtitle 5 - POSTSECONDARY AND HIGHER EDUCATION GENERALLY (§§ 6-60-101 — 6-71-142) › Chapter 62 - PROPERTY AND FINANCES OF STATE INSTITUTIONS (§§ 6-62-101 — 6-62-1204) › Subchapter 1 - GENERAL PROVISIONS (§§ 6-62-101 — 6-62-110) › Section 6-62-107 - Reduction of state funds expended on remediation

(a)
As a condition for receiving state funds, all public two-year and four-year institutions of higher education shall report the following information by October 1 of each year to the Division of Higher Education in a format developed by the division in consultation with the institutions:
(1)
The total direct and indirect costs of remediation for the previous academic year; and
(2)
All sources of revenue, by amount and source, used to fund direct and indirect costs of all remedial courses and programs.
(b)
The division shall develop a system to calculate the total amount of state funds spent on remediation of first-time entering freshmen students.
(c)
The amount spent on remediation at public four-year educational institutions shall not exceed the amount spent as of the 1996-1997 school year.
Acts 1993, No. 1141, §§ 1-4; 1997, No. 112, § 20; 1999, No. 508, § 5.
Arkansas Code of 1987 (2023) › Title 6 - EDUCATION (§§ 6-1-101 — 6-87-104) › Subtitle 5 - POSTSECONDARY AND HIGHER EDUCATION GENERALLY (§§ 6-60-101 — 6-71-142) › Chapter 62 - PROPERTY AND FINANCES OF STATE INSTITUTIONS (§§ 6-62-101 — 6-62-1204) › Subchapter 1 - GENERAL PROVISIONS (§§ 6-62-101 — 6-62-110) › Section 6-62-108 - Housing allowances

The board of trustees of each state-funded, four-year university may approve a housing allowance not to exceed one thousand five hundred dollars ($1,500) per month for the president or the chancellor of the university. The allowance shall be in lieu of any state-owned housing provided for the presidents and the chancellors.
Acts 1999, No. 240, § 1; 2007, No. 1041, § 2.
Arkansas Code of 1987 (2023) › Title 6 - EDUCATION (§§ 6-1-101 — 6-87-104) › Subtitle 5 - POSTSECONDARY AND HIGHER EDUCATION GENERALLY (§§ 6-60-101 — 6-71-142) › Chapter 62 - PROPERTY AND FINANCES OF STATE INSTITUTIONS (§§ 6-62-101 — 6-62-1204) › Subchapter 1 - GENERAL PROVISIONS (§§ 6-62-101 — 6-62-110) › Section 6-62-109 - Annual certification of solvency - Calculation of number of days of cash on hand

(a)
Annually, the board of trustees and the president or chancellor of each state-supported institution of higher education shall certify to the Chief Fiscal Officer of the State and the Legislative Council that as of December 31, sufficient appropriations and funds:
(1)
Are available to meet all current and anticipated obligations for the current fiscal year as the obligations become due; or
(2)
Will become available to meet all current and anticipated obligations for the current fiscal year as the obligations become due.
(b)
The certification from each state-supported institution of higher education shall be:
(1)
Signed by the chair of the board of trustees and the president or chancellor;
(2)
Sent no later than February 28 or upon release of the previous year's audit by Arkansas Legislative Audit to the Chief Fiscal Officer of the State and the Legislative Council;
(3)
Accompanied by the published annual financial statement for the preceding fiscal year approved by the board of trustees; and
(4)
(A)
Accompanied by a calculation of the number of days of cash on hand prepared by the chief financial officer of each state-supported institution of higher education for the preceding fiscal year.
(B)
Subdivision (b)(4)(A) of this section does not apply to the University of Arkansas for Medical Sciences.
(c)
The Arkansas Higher Education Coordinating Board shall develop rules to implement this section.
Amended by Act 2021, No. 69,§ 4, eff. 7/28/2021.
Acts 2011, No. 1065, § 38.
Arkansas Code of 1987 (2023) › Title 6 - EDUCATION (§§ 6-1-101 — 6-87-104) › Subtitle 5 - POSTSECONDARY AND HIGHER EDUCATION GENERALLY (§§ 6-60-101 — 6-71-142) › Chapter 62 - PROPERTY AND FINANCES OF STATE INSTITUTIONS (§§ 6-62-101 — 6-62-1204) › Subchapter 1 - GENERAL PROVISIONS (§§ 6-62-101 — 6-62-110) › Section 6-62-110 - Additional compensation for state-supported four-year institutions of higher education athletic departments

(a)
(1)
In recognition of the extra work involved in the participation of intercollegiate athletic teams in postseason competitions, and to promote exceptional achievement in the total sports program of each state-supported four-year institution of higher education, the chancellor or president of a state-supported four-year institution of higher education, in accordance with policies issued by its board of trustees, may approve additional compensation for the athletic department and band personnel when any athletic team participates in a postseason competition or achieves exceptional recognition.
(2)
Additional compensation approved under subdivision (a)(1) of this section shall be in addition to the regular salaries authorized by law, provided that the additional compensation shall be paid from income other than state funds.
(b)
A board of trustees of a state-supported four-year institution of higher education may make additional payments to employees in the athletic department at the institution, or to employees that directly support the operation of the athletic department at the institution, in such amounts as the board of trustees may determine is appropriate in view of the unusual and exacting duties of such employees, provided the additional compensation shall be paid from income other than state funds.
(c)
(1)
Any such allowances authorized in this section shall be in addition to the regular salaries of such employees.
(2)
If the allowance funds authorized under this section are utilized, a state-supported four-year institution of higher education shall report annually to the Legislative Joint Auditing Committee the exact disposition of those allowance funds.
Added by Act 2023, No. 870,§ 50, eff. 7/1/2023.
Arkansas Code of 1987 (2023) › Title 6 - EDUCATION (§§ 6-1-101 — 6-87-104) › Subtitle 5 - POSTSECONDARY AND HIGHER EDUCATION GENERALLY (§§ 6-60-101 — 6-71-142) › Chapter 62 - PROPERTY AND FINANCES OF STATE INSTITUTIONS (§§ 6-62-101 — 6-62-1204) › Subchapter 3 - FACILITIES - CONSTRUCTION OR PURCHASE (§§ 6-62-301 — 6-62-314) › Section 6-62-301 - Construction of subchapter

This subchapter shall be liberally construed to effectuate the purposes thereof.
Acts 1947, No. 62, § 6; A.S.A. 1947, § 80-3316.
Arkansas Code of 1987 (2023) › Title 6 - EDUCATION (§§ 6-1-101 — 6-87-104) › Subtitle 5 - POSTSECONDARY AND HIGHER EDUCATION GENERALLY (§§ 6-60-101 — 6-71-142) › Chapter 62 - PROPERTY AND FINANCES OF STATE INSTITUTIONS (§§ 6-62-101 — 6-62-1204) › Subchapter 3 - FACILITIES - CONSTRUCTION OR PURCHASE (§§ 6-62-301 — 6-62-314) › Section 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 system, University of Central Arkansas, Henderson State University, Arkansas Tech University, and Southern Arkansas University, respectively, are authorized and empowered as public agencies of the State of Arkansas to:
(1)
Construct buildings, structures, parking facilities, or other improvements which the board of trustees deems proper or suitable for the school and to purchase sites therefor, if necessary;
(2)
Purchase for such purpose buildings already constructed and the tracts of land on which they are situated;
(3)
Reconstruct, enlarge or repair, and equip any buildings or structures of the university, including, but not limited to, buildings or structures constructed or purchased under authority of this subchapter; and
(4)
Purchase for such purposes and pay the expense of tearing down, removing to the school, reconstructing, and equipping houses, buildings, or structures.
(b)
No board of trustees of such public institutions of higher education shall be required to obtain any prior review, consultation, approval, assistance, or advice from the Building Authority Division for projects undertaken based on the foregoing powers and authority. Provided, however, nothing in this subsection shall prevent any board of trustees of such public institutions of higher education from entering into an agreement with the division to provide review, consultation, approval, assistance, or advice for such projects. However, public institutions of higher education exempt from project review, consultation, approval, assistance, or advice of the division shall remain subject to other laws governing public works, including without limitation §
19-4-1401
et seq. and §
22-9-101
et seq.
Amended by Act 2019, No. 910,§ 6055, eff. 7/1/2019.
Amended by Act 2015EX1, No. 8,§ 3, eff. 7/1/2015.
Amended by Act 2015EX1, No. 7,§ 3, eff. 7/1/2015.
Acts 1947, No. 62, § 1; 1949, No. 320, § 1; 1951, No. 313, § 1; 1963, No. 59, § 1; 1969, No. 183, § 1; A.S.A. 1947, § 80-3311; Acts 2001, No. 961, § 1.
Arkansas Code of 1987 (2023) › Title 6 - EDUCATION (§§ 6-1-101 — 6-87-104) › Subtitle 5 - POSTSECONDARY AND HIGHER EDUCATION GENERALLY (§§ 6-60-101 — 6-71-142) › Chapter 62 - PROPERTY AND FINANCES OF STATE INSTITUTIONS (§§ 6-62-101 — 6-62-1204) › Subchapter 3 - FACILITIES - CONSTRUCTION OR PURCHASE (§§ 6-62-301 — 6-62-314) › Section 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 the board may determine will be required in connection with the financing of the projects.
Acts 1947, No. 62, § 1; 1949, No. 320, § 1; 1951, No. 313, § 1; 1969, No. 183, § 1; A.S.A. 1947, § 80-3311.
Arkansas Code of 1987 (2023) › Title 6 - EDUCATION (§§ 6-1-101 — 6-87-104) › Subtitle 5 - POSTSECONDARY AND HIGHER EDUCATION GENERALLY (§§ 6-60-101 — 6-71-142) › Chapter 62 - PROPERTY AND FINANCES OF STATE INSTITUTIONS (§§ 6-62-101 — 6-62-1204) › Subchapter 3 - FACILITIES - CONSTRUCTION OR PURCHASE (§§ 6-62-301 — 6-62-314) › Section 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 funds from the proceeds of the sale of any notes or bonds issued to permanently finance the projects.
Acts 1947, No. 62, § 1; 1951, No. 313, § 1; 1969, No. 183, § 1; A.S.A. 1947, § 80-3311.
Arkansas Code of 1987 (2023) › Title 6 - EDUCATION (§§ 6-1-101 — 6-87-104) › Subtitle 5 - POSTSECONDARY AND HIGHER EDUCATION GENERALLY (§§ 6-60-101 — 6-71-142) › Chapter 62 - PROPERTY AND FINANCES OF STATE INSTITUTIONS (§§ 6-62-101 — 6-62-1204) › Subchapter 3 - FACILITIES - CONSTRUCTION OR PURCHASE (§§ 6-62-301 — 6-62-314) › Section 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 with a specific pledge, for the payment of the principal and interest thereof, and the payment of agents' fees only, all or any part of the following:
(1)
The gross tolls, fees, rents, and other charges to be derived as income from the project;
(2)
Any surplus not pledged of the gross tolls, fees, rents, and other charges to be derived from other projects financed in whole or in part by bonds or notes issued by the board;
(3)
Tuition and fees collected from its students;
(4)
The gate receipts of athletic contests participated in by its teams; and
(5)
Any funds received from the United States, or any department or agency thereof, pursuant to any act of Congress, providing for grants or payments to educational institutions in connection with, or in anywise pertaining to, the financing of the accomplishing of the authorities and powers set forth in §
6-62-302
.
(b)
In regard to the funds referred to in subdivision (a)(5) of this section, the board is authorized to take such action, comply with such terms and conditions, and execute such agreements as may be necessary to apply for, receive, pledge, or use such funds for the above specified or any other lawful purpose.
(c)
One (1) series of bonds may be issued for more than one (1) project and the revenues therefrom pledged for the payment of the bonds.
Acts 1947, No. 62, § 1; 1949, No. 320, § 1; 1951, No. 313, § 1; 1969, No. 183, § 1; A.S.A. 1947, § 80-3311; Acts 1991, No. 45, § 1.
Arkansas Code of 1987 (2023) › Title 6 - EDUCATION (§§ 6-1-101 — 6-87-104) › Subtitle 5 - POSTSECONDARY AND HIGHER EDUCATION GENERALLY (§§ 6-60-101 — 6-71-142) › Chapter 62 - PROPERTY AND FINANCES OF STATE INSTITUTIONS (§§ 6-62-101 — 6-62-1204) › Subchapter 3 - FACILITIES - CONSTRUCTION OR PURCHASE (§§ 6-62-301 — 6-62-314) › Section 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 system, Arkansas Tech University, and Southern Arkansas University, hereinafter referred to as the "board of the institution involved", shall not issue any notes or bonds under the provisions of this subchapter for any of the purposes authorized by this subchapter, unless prior to the issuance of such notes or bonds, the board of the institution involved shall have obtained the advice of the Arkansas Higher Education Coordinating Board as to the economic feasibility of the particular project to be financed, in whole or in part, by those notes or bonds.
(b)
The board of the institution involved shall submit to the Arkansas Higher Education Coordinating Board information pertaining to the proposed project concerning existing and proposed buildings, improvements, equipment, and facilities of the institution involved; finances, revenues, appropriations, and cash funds of the institution involved; and enrollment, housing, and other information deemed pertinent to and requested by the Arkansas Higher Education Coordinating Board to enable the Arkansas Higher Education Coordinating Board to determine the feasibility of the project.
(c)
The Arkansas Higher Education Coordinating Board shall notify the board of the institution involved, within thirty (30) days from the date the information is submitted to the Arkansas Higher Education Coordinating Board, of the Arkansas Higher Education Coordinating Board's advice with respect to the economic feasibility of the particular project.
(d)
The advice of the Arkansas Higher Education Coordinating Board under this section shall not be binding on the board of the institution involved.
(e)
(1)
This section shall not be construed to deprive, transfer, limit, or in any way alter or change any of the powers vested in the board of the institution involved under existing constitutional and statutory provisions.
(2)
Furthermore, the authority conferred upon the Arkansas Higher Education Coordinating Board by this section shall not extend to the feasibility of the notes or bonds proposed to be issued by the board of the institution involved or to any of the terms, conditions, and provisions thereof, and this section shall not be construed to impair in any way the validity of any notes or bonds issued by the board of the institutions involved under this subchapter or impair or affect in any way the obligations of the board of the institution involved or the rights of any holder or registered owner of the notes or bonds.
Amended by Act 2021, No. 18,§ 1, eff. 2/1/2021.
Acts 1963, No. 242, §§ 1-4; A.S.A. 1947, §§ 80-3328 -- 80-3331.
Arkansas Code of 1987 (2023) › Title 6 - EDUCATION (§§ 6-1-101 — 6-87-104) › Subtitle 5 - POSTSECONDARY AND HIGHER EDUCATION GENERALLY (§§ 6-60-101 — 6-71-142) › Chapter 62 - PROPERTY AND FINANCES OF STATE INSTITUTIONS (§§ 6-62-101 — 6-62-1204) › Subchapter 3 - FACILITIES - CONSTRUCTION OR PURCHASE (§§ 6-62-301 — 6-62-314) › Section 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 may be executed by the facsimile signature of the president or chair.
(c)
In case any of the officers whose signatures appear on the bonds or coupons shall cease to be officers before delivery, the signatures shall nevertheless be valid and sufficient for all purposes, the same as if they had remained in office until the delivery.
Acts 1947, No. 62, § 2; 1957, No. 10, § 1; 1959, No. 242, § 1; 1968 (1st Ex. Sess.), No. 8, § 1; 1970 (Ex. Sess.), No. 30, § 1; 1975, No. 225, § 19; 1981, No. 425, § 19; A.S.A. 1947, § 80-3312.
Arkansas Code of 1987 (2023) › Title 6 - EDUCATION (§§ 6-1-101 — 6-87-104) › Subtitle 5 - POSTSECONDARY AND HIGHER EDUCATION GENERALLY (§§ 6-60-101 — 6-71-142) › Chapter 62 - PROPERTY AND FINANCES OF STATE INSTITUTIONS (§§ 6-62-101 — 6-62-1204) › Subchapter 3 - FACILITIES - CONSTRUCTION OR PURCHASE (§§ 6-62-301 — 6-62-314) › Section 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 and denominations, may be subject to such terms of redemption, with or without a premium, shall bear such rate or rates of interest, shall be payable annually or semiannually, and shall be sold for such price and in such manner, as the board of trustees by resolution shall determine.
(b)
In the resolution, the board may provide for the initial issuance of one (1) or more bonds aggregating the principal amount of the entire issue and may, in the resolution, make such provisions for installment payments of the principal amount of the bonds as it may consider desirable and may provide for the making of the bonds payable to bearer or otherwise, registrable as to principal or as to both principal and interest and where interest accruing thereon is not represented by interest coupons for the endorsement of payment of interest on the bonds.
(c)
The board may make provision in the resolution for the manner and circumstances in which and under which the bonds may, in the future at the request of the holders thereof, be converted into bonds of smaller denomination, which bonds of smaller denomination may in turn be either coupon bonds or bonds registrable as to principal or registrable as to principal and interest.
Acts 1947, No. 62, § 2; 1957, No. 10, § 1; 1959, No. 242, § 1; 1968 (1st Ex. Sess.), No. 8, § 1; 1970 (Ex. Sess.), No. 30, § 1; 1975, No. 225, § 19; 1981, No. 425, § 19; A.S.A. 1947, § 80-3312.