§ 19-5-1206 - Arkansas Building Authority Real Estate Fund. - Arkansas Statutes

State Codes and Statutes

Statutes > Arkansas > Title-19 > Chapter-5 > Subchapter-12 > 19-5-1206

19-5-1206. Arkansas Building Authority Real Estate Fund.

(a) There is established on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a fund to be known as the "Arkansas Building Authority Real Estate Fund".

(b) (1) This fund shall consist of funds transferred to it from the General Improvement Fund or other funds, gifts, bequests, foundation grants and gifts, Governor's or other emergency funds, federal grants and matching funds, short-term loans and advances, proceeds from bond issues, leases, service charges or fees, interagency transfers of funds, partnerships and debentures, and other funds as may be appropriated by the General Assembly.

(2) The fund shall be used to acquire either by deed or by lease, to own or operate, to maintain, to repair, to renovate, to develop, or to construct real properties, including any necessary demolition and site improvements, for use by state agencies, as defined in 22-2-102, for capital improvement needs under the jurisdiction of the Arkansas Building Authority.

State Codes and Statutes

Statutes > Arkansas > Title-19 > Chapter-5 > Subchapter-12 > 19-5-1206

19-5-1206. Arkansas Building Authority Real Estate Fund.

(a) There is established on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a fund to be known as the "Arkansas Building Authority Real Estate Fund".

(b) (1) This fund shall consist of funds transferred to it from the General Improvement Fund or other funds, gifts, bequests, foundation grants and gifts, Governor's or other emergency funds, federal grants and matching funds, short-term loans and advances, proceeds from bond issues, leases, service charges or fees, interagency transfers of funds, partnerships and debentures, and other funds as may be appropriated by the General Assembly.

(2) The fund shall be used to acquire either by deed or by lease, to own or operate, to maintain, to repair, to renovate, to develop, or to construct real properties, including any necessary demolition and site improvements, for use by state agencies, as defined in 22-2-102, for capital improvement needs under the jurisdiction of the Arkansas Building Authority.

State Codes and Statutes

Back To Homepage

State Codes and Statutes

Statutes > Arkansas > Title-19 > Chapter-5 > Subchapter-12 > 19-5-1206

19-5-1206. Arkansas Building Authority Real Estate Fund.

(a) There is established on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a fund to be known as the "Arkansas Building Authority Real Estate Fund".

(b) (1) This fund shall consist of funds transferred to it from the General Improvement Fund or other funds, gifts, bequests, foundation grants and gifts, Governor's or other emergency funds, federal grants and matching funds, short-term loans and advances, proceeds from bond issues, leases, service charges or fees, interagency transfers of funds, partnerships and debentures, and other funds as may be appropriated by the General Assembly.

(2) The fund shall be used to acquire either by deed or by lease, to own or operate, to maintain, to repair, to renovate, to develop, or to construct real properties, including any necessary demolition and site improvements, for use by state agencies, as defined in 22-2-102, for capital improvement needs under the jurisdiction of the Arkansas Building Authority.