15-20-309. Commission — Power to receive gifts of property and to acquire real estate for trade or exchange.

Arkansas Code — all titles (historical 2020) · legal_authorities

15-20-309. Commission — Power to receive gifts of property and to acquire real estate for trade or exchange.

15-20-309. Commission — Power to receive gifts of property and to acquire real estate for trade or exchange. The Arkansas Natural Heritage Commission shall have the following rights, powers, and duties in addition to those already established by law: (1)(A) To receive gifts, grants, donations, fee conveyances, or transfers of money and property, both real and personal, from private and public sources, or federal, or either, and to sell or dispose of such property, real and personal, or either, as the commission deems advisable. (B) Any funds and income from any property described in subdivision (1)(A) of this section shall be deposited into the State Treasury into the Department of Arkansas Heritage Endowment Trust Fund and expended in the same manner as other state moneys are expended upon vouchers drawn by the Director of the Arkansas Natural Heritage Commission; and (2)(A) With the advice and consent of the Legislative Council and the Governor, to acquire, by purchase or otherwise, real property for the purpose of trade or exchange, and to trade or exchange any such property acquired for lands to be included in the system. (B) However, the commission shall exercise this power in such a manner that any and all property acquired for the purpose of trade or exchange shall in fact be traded or exchanged forthwith and without delay.

Source: Arkansas Code — historical release 78 (November 6, 2020) · 15-20-309

Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.