§ 6-64-613. Bonds — Contract with holders and owner
(a) Any authorizing resolution and trust indenture, together with this subchapter, shall constitute a contract between the Board of Trustees of the University of Arkansas and the holders and registered owners of the bonds. (b) The contract and all covenants, agreements, and obligations therein shall be promptly performed in strict compliance with the terms and […]
§ 6-64-614. Bonds — Tax exemption
The principal and interest of bonds issued under this subchapter shall be exempt from all state, county, and municipal taxes, and the exemption shall include income, inheritance, and estate taxes.
§ 6-64-615. Bonds — Investment of funds of retirement or pension systems
The board of trustees of any retirement or pension system created by the General Assembly of the State of Arkansas, in its discretion, may invest its funds in bonds issued under this subchapter.
§ 6-64-616. Bonds — Construction fund
(a) The Board of Trustees of the University of Arkansas shall include necessary provisions in the authorizing resolution or trust indenture to require the deposit of the proceeds of each bond issue, except the accrued interest, which shall be deposited into the bond fund, into a special construction fund which shall be a trust fund […]
§ 6-64-617. Bonds — Use of excess costs
Subject to the provisions of any authorizing resolution or trust indenture securing payment of any bonds outstanding under this subchapter, collections of the costs levied by this subchapter in excess of the amounts necessary to provide for the payment of bonds, including principal and interest, may be used as determined by the Board of Trustees […]
§ 6-64-618. Outstanding bonds — Change in costs for payments
So long as there are outstanding any bonds to which collections of the costs levied by this subchapter are pledged, the General Assembly may eliminate, modify, or otherwise change the costs levied by this subchapter. These changes may be made only on the condition that there is always maintained in effect and made available for […]
§ 6-64-619. Refunding bonds
(a) Bonds may be issued for the purpose of refunding any bonds issued under this subchapter. (b) (1) Refunding bonds may either be sold or delivered in exchange for the bonds being refunded. (2) If sold, the proceeds may be either applied to the payment of the bonds being refunded or deposited in trust and […]
§ 6-64-620. Construction of legal education facilities — Employment of professionals
(a) The Board of Trustees of the University of Arkansas is authorized to employ architects to prepare plans, specifications, and estimates of cost for the construction of legal education facilities and to supervise and inspect the construction. (b) After the board has approved the plans and specifications prepared by the architect, it shall proceed to […]
§ 6-64-621. Evening law school division
The Board of Trustees of the University of Arkansas is directed and authorized to establish and operate at Little Rock, Arkansas, an evening division of its school of law as an expansion of its program of legal instruction, research, and extension.
§ 6-64-701. Acceptance of federal aid
The assent of the General Assembly is given: (1) For the purpose of the grants made in 7 U.S.C. § 361a et seq., the Board of Trustees of the University of Arkansas may accept any sums coming to the State of Arkansas under that federal act and apply them for the benefit of the Division […]