Arkansas § 6-62-608 Resolution authorizing transfer and lease

Arkansas Statutes

§ 6-62-608 — Resolution authorizing transfer and lease

Arkansas § 6-62-608

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This text of Arkansas § 6-62-608 (Resolution authorizing transfer and lease) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ark. Code Ann. § 6-62-608 (2026).

Text

(a)Before proceeding with any transfer, the board shall first determine, by resolution adopted at a legal meeting of the board:

(1)That the property proposed for transfer continues to be needed in the operation of the university; and (2) That it is in the best interest of the university to transfer the property and use it as lessee under a lease agreement as provided in this subchapter.

(b)The resolution shall designate one (1) or more persons to act on behalf of the board to negotiate with potential owners concerning the terms of the transfer and lease agreement for the property described in the resolution.

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(a) Before proceeding with any transfer, the board shall first determine, by resolution adopted at a legal meeting of the board: (1) That the property proposed for transfer continues to be needed in the operation of the university; and (2) That it is in the best interest of the university to transfer the property and use it as lessee under a lease agreement as provided in this subchapter. (b) The resolution shall designate one (1) or more persons to act on behalf of the board to negotiate with potential owners concerning the terms of the transfer and lease agreement for the property described in the resolution.