Ark. Code Ann. § 22-3-1205

This is the official text of Ark. Code Ann. § 22-3-1205, part of Arkansas’s Code Ann — part of the compiled statutory law of Arkansas, published by the state as "Code Ann." Browse the sections below, each linked to its official government source.

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Powers of Building Authority Division generally

Official statutory text

(a) In addition to the powers, purposes, and authorities set forth elsewhere in this subchapter or in other laws, the Building Authority Division is authorized and empowered to: (1) Acquire, construct, repair, renovate, alter, maintain, and equip existing or new buildings and capital improvements and the sites upon which they are situated for use by the Division of Correction for the housing, treatment, care, and rehabilitation of inmates committed to or in the custody of the Division of Correction; (2) Acquire, construct, repair, renovate, alter, maintain, and equip existing or new buildings and capital improvements and the sites upon which they are situated for use by the Division of Correction for the prison agriculture and industry programs; (3) Acquire, construct, repair, renovate, alter, maintain, and equip existing or new buildings and capital improvements and the sites upon which they are situated for use by state-supported institutions of higher education; (4) Redeem or pay and discharge, or provide therefor, the outstanding 1977 Bonds and 1979 Bonds; (5) Obtain the necessary funds for accomplishing its powers, purposes, and authorities from any source, including, without limitation, the proceeds of certificates of indebtedness issued under this subchapter; funds appropriated and made available under Chapter 2 of this title; and funds, if any, appropriated for the buildings defined in this subchapter; (6) Purchase, lease or rent, and receive the bequests or donations of, or otherwise acquire, sell, trade, or barter any property either real, personal, or mixed, and convert such property into money or other property; (7) Contract and be contracted with; (8) Apply for, receive, accept, and use any moneys and property from the United States Government, any agency, any state or governmental body or political subdivision, any public or private corporation or organization of any nature, or any individual; (9) Invest and reinvest any of the Building Authority Division's moneys in securities selected by the Building Authority Division; and (10) Take such other action, not inconsistent with law, as may be necessary or desirable to carry out the powers, purposes, and authorities set forth in this subchapter and to carry out the intent of this subchapter. (b) The powers, purposes, and authorities set forth in subsection (a) of this section shall be carried out in accordance with the duly promulgated policies of the Building Authority Division, under and pursuant to Chapter 2 of this title. Amended by Act 2019, No. 910,§ 1009, eff. 7/1/2019. Amended by Act 2016EX3, No. 3,§ 64, eff. 5/23/2016. Amended by Act 2016EX3, No. 2,§ 64, eff. 5/23/2016. Acts 1983, No. 458, § 3; A.S.A. 1947, § 13-2603.

(a) In addition to the powers, purposes, and authorities set forth elsewhere in this subchapter or in other laws, the Building Authority Division is authorized and empowered to: (1) Acquire, construct, repair, renovate, alter, maintain, and equip existing or new buildings and capital improvements and the sites upon which they are situated for use by the Division of Correction for the housing, treatment, care, and rehabilitation of inmates committed to or in the custody of the Division of Correction; (2) Acquire, construct, repair, renovate, alter, maintain, and equip existing or new buildings and capital improvements and the sites upon which they are situated for use by the Division of Correction for the prison agriculture and industry programs; (3) Acquire, construct, repair, renovate, alter, maintain, and equip existing or new buildings and capital improvements and the sites upon which they are situated for use by state-supported institutions of higher education; (4) Redeem or pay and discharge, or provide therefor, the outstanding 1977 Bonds and 1979 Bonds; (5) Obtain the necessary funds for accomplishing its powers, purposes, and authorities from any source, including, without limitation, the proceeds of certificates of indebtedness issue
improvements and the sites upon which they are situated for use by state-supported institutions of higher education; (4) Redeem or pay and discharge, or provide therefor, the outstanding 1977 Bonds and 1979 Bonds; (5) Obtain the necessary funds for accomplishing its powers, purposes, and authorities from any source, including, without limitation, the proceeds of certificates of indebtedness issued under this subchapter; funds appropriated and made available under Chapter 2 of this title; and funds, if any, appropriated for the buildings defined in this subchapter; (6) Purchase, lease or rent, and receive the bequests or donations of, or otherwise acquire, sell, trade, or barter any property either real, personal, or mixed, and convert such property into money or other property; (7) Contract and be contracted with; (8) Apply for, receive, accept, and use any moneys and property from the United States Government, any agency, any state or governmental body or political subdivision, any public or private corporation or organization of any nature, or any individual; (9) Invest and reinvest any of the Building Authority Division's moneys in securities selected by the Building Authority Division; and (10) Take such other action, not inconsistent with law, as may be necessary or desirable to carry out the powers, purposes, and authorities set forth in this subchapter and to carry out the intent of this subchapter.

(1) Acquire, construct, repair, renovate, alter, maintain, and equip existing or new buildings and capital improvements and the sites upon which they are situated for use by the Division of Correction for the housing, treatment, care, and rehabilitation of inmates committed to or in the custody of the Division of Correction;

(2) Acquire, construct, repair, renovate, alter, maintain, and equip existing or new buildings and capital improvements and the sites upon which they are situated for use by the Division of Correction for the prison agriculture and industry programs;

(3) Acquire, construct, repair, renovate, alter, maintain, and equip existing or new buildings and capital improvements and the sites upon which they are situated for use by state-supported institutions of higher education;

(4) Redeem or pay and discharge, or provide therefor, the outstanding 1977 Bonds and 1979 Bonds;

(5) Obtain the necessary funds for accomplishing its powers, purposes, and authorities from any source, including, without limitation, the proceeds of certificates of indebtedness issued under this subchapter; funds appropriated and made available under Chapter 2 of this title; and funds, if any, appropriated for the buildings defined in this subchapter;

(6) Purchase, lease or rent, and receive the bequests or donations of, or otherwise acquire, sell, trade, or barter any property either real, personal, or mixed, and convert such property into money or other property;

(7) Contract and be contracted with;

(8) Apply for, receive, accept, and use any moneys and property from the United States Government, any agency, any state or governmental body or political subdivision, any public or private corporation or organization of any nature, or any individual;

(9) Invest and reinvest any of the Building Authority Division's moneys in securities selected by the Building Authority Division; and

(10) Take such other action, not inconsistent with law, as may be necessary or desirable to carry out the powers, purposes, and authorities set forth in this subchapter and to carry out the intent of this subchapter.
organization of any nature, or any individual;

(9) Invest and reinvest any of the Building Authority Division's moneys in securities selected by the Building Authority Division; and

(10) Take such other action, not inconsistent with law, as may be necessary or desirable to carry out the powers, purposes, and authorities set forth in this subchapter and to carry out the intent of this subchapter.

(b) The powers, purposes, and authorities set forth in subsection (a) of this section shall be carried out in accordance with the duly promulgated policies of the Building Authority Division, under and pursuant to Chapter 2 of this title.

Amended by Act 2019, No. 910,§ 1009, eff. 7/1/2019.

Amended by Act 2016EX3, No. 3,§ 64, eff. 5/23/2016.

Amended by Act 2016EX3, No. 2,§ 64, eff. 5/23/2016.

Acts 1983, No. 458, § 3; A.S.A. 1947, § 13-2603.

Status: in_force

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