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22-6-111. Price of swamp, internal improvement, seminary, saline, or school lands — Exemptions.
Arkansas Code — all titles (historical 2020) · legal_authorities
22-6-111. Price of swamp, internal improvement, seminary, saline, or school lands — Exemptions.
(a)(1) No swamp, internal improvement, seminary, or saline lands shall be sold for less than two dollars and fifty cents ($2.50) per acre, and no state school land shall be sold for less than two dollars and fifty cents ($2.50) per acre nor for less than the market value ascertained by appraisement.
(2) When any lands or interest therein may be recovered by the state by litigation, the lands or interest shall be ordered sold by the court as in sales of land upon decree in equity.
(3) After paying expenses, the balance of the purchase money shall be deposited into the State Treasury, as provided in §§ 6-20-202 and 6-20-203.
(b) Nothing in this section shall be construed to prevent the donation of state lands as provided by law.
(c) Nothing in this section or §§ 22-6-301 — 22-6-304 shall prevent the Commissioner of State Lands from accepting outstanding refunding certificates issued by the state for lands previously sold in payment for state lands.
(d) Nothing in this section or §§ 22-6-301 — 22-6-304 shall affect the sale of any state lands where written application was filed with the Commissioner of State Lands prior to February 1, 1919.
(e) Nothing in this section or §§ 22-6-301 — 22-6-304 shall affect the law in regard to the sale by the state of tax-forfeited lands.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 22-6-111
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.
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Record provenance
Stable record: arkansas_code:legal_authorities:22-6-111
Source file: gov.ar.code.title.22.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 98dec01b82abcce1390f309c84ac5417be83686d3adc703a1b377f8aeb5dd749
Source location: content.xml paragraph 5111
Stored source content
22-6-111. Price of swamp, internal improvement, seminary, saline, or school lands — Exemptions.
(a)(1) No swamp, internal improvement, seminary, or saline lands shall be sold for less than two dollars and fifty cents ($2.50) per acre, and no state school land shall be sold for less than two dollars and fifty cents ($2.50) per acre nor for less than the market value ascertained by appraisement.
(2) When any lands or interest therein may be recovered by the state by litigation, the lands or interest shall be ordered sold by the court as in sales of land upon decree in equity.
(3) After paying expenses, the balance of the purchase money shall be deposited into the State Treasury, as provided in §§ 6-20-202 and 6-20-203.
(b) Nothing in this section shall be construed to prevent the donation of state lands as provided by law.
(c) Nothing in this section or §§ 22-6-301 — 22-6-304 shall prevent the Commissioner of State Lands from accepting outstanding refunding certificates issued by the state for lands previously sold in payment for state lands.
(d) Nothing in this section or §§ 22-6-301 — 22-6-304 shall affect the sale of any state lands where written application was filed with the Commissioner of State Lands prior to February 1, 1919.
(e) Nothing in this section or §§ 22-6-301 — 22-6-304 shall affect the law in regard to the sale by the state of tax-forfeited lands.
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Arkansas Code — all titles (historical 2020) · legal_authorities
22-6-301. Sale by county court on application.
(a) It shall be lawful for the county court of any county in which any permanent school lands and lots, as defined in § 22-6-111, are situated to order the lands or lots sold at public auction by the sheriff, in legal subdivisions, upon the application of any person who may desire to purchase the lands or lots and who will deposit with the clerk of the court a sum sufficient to pay the costs of the appraisement, the estimate of the timber thereof, if any, and its commercial value, the survey thereof if one is necessary, and the advertisement and other costs of sale.
(b) The applicant shall also file a written guaranty that he or she will bid at the sale at least two dollars and fifty cents ($2.50) per acre if the acreage is land and the full appraised value if the acreage is in lots.
(c) The applicant shall not, by reason of his or her application and deposit, acquire any preference right to purchase the land or lots at the sale, but when the sale of the land or lots is approved, the deposit so made shall be repaid out of the purchase price whether the applicant is the purchaser or not, except that if the lands should not be sold because of the failure of the applicant to make and complete his or her guaranty bid, the deposit made by him or her for the cost of sale shall be forfeited and not repaid.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 22-6-301
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. The source passage cites 22-6-301. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
22-6-304. Rejection or confirmation — Disposition of purchase money — Deed by Commissioner of State Lands.
(a) The sheriff shall report without delay all sales to the county court, which may reject or confirm the sale.
(b) If any sale is rejected, the county court may direct the sheriff to again advertise and offer the land or lots for sale.
(c) If the sale is confirmed by the court, the sheriff shall execute and deliver to the purchaser a certificate showing that he or she has purchased the land and the price paid for the land.
(d)(1) Out of the purchase price, the sheriff shall pay the cost of the sale, retaining for his or her services two percent (2%) of the gross amount received by him or her for the sale of the land, and immediately transmit the balance of the purchase price to the county treasurer of the county for and on account of the school districts located in the township in which the land is located and to be distributed to the districts in the proportion that the territory of each district within the township bears to the total territory of the township.
(2) The school districts shall use the funds for any school purposes, including construction of buildings and retirement of bonds.
(e)(1) Upon presentation of the certificate of purchase to the Commissioner of State Lands, the purchaser of the lands or lots, as the case may be, and his or her heirs or assigns, shall be entitled to a deed from the Commissioner of State Lands for the land or lots described in the certificate, and the Commissioner of State Lands is authorized to make conveyance of any land or lots sold under and by virtue of this subchapter.
(2) The Commissioner of State Lands shall keep a full and complete record of all such sales and of the deeds so issued and shall keep as co
Source: Arkansas Code — historical release 78 (November 6, 2020) · 22-6-304
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. The source passage cites 22-6-304. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
6-20-202. Land Sales Fund.
When the Treasurer of State receives the following proceeds from the Commissioner of State Lands, it shall be the duty of the Treasurer of State to set aside that amount to the credit of the Land Sales Fund:
(1) The proceeds from the sale of all lands that have been or hereafter may be granted by the United States to this state and not otherwise appropriated by the United States to this state, and also all moneys, stocks, bonds, lands, and other property now belonging to any fund for purposes of education;
(2) The net proceeds of all sales of lands and other property and effects that may accrue to this state by escheat, from sales of estrays, from unclaimed dividends, or from distributive shares of the estates of deceased persons;
(3) Any proceeds of the sale of public lands which may have been, or may be, paid over to the state, the United States Congress consenting;
(4) All the net proceeds of the sales of all state land, including land sold for taxes; and
(5) All grants, gifts, or devises.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 6-20-202
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. The source passage cites 6-20-202. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
6-20-203. Public School Fund — Creation and management.
(a)(1) At the end of each fiscal year, the Treasurer of State shall transfer to the credit of the Public School Fund all unappropriated balances of the Land Sales Fund that have been or may be made to this state and that are not otherwise appropriated by the terms of the grant, gift, or devise.
(2)(A) The balances shall be securely invested and preserved as the Public School Fund of the state and shall be the common property of the state for public school purposes only.
(B) The Public School Fund shall remain inviolate and intact, and the interest thereon only shall be expended for the maintenance of the schools of the state.
(b) All moneys belonging or owing to the Public School Fund, as mentioned in subsection (a) of this section, or accruing as revenues therefrom, shall be paid directly into the State Treasury and shall not be paid out except on a warrant of the Auditor of State.
(c) Under the direction of the State Board of Education, the Auditor of State shall draw his or her warrants on the Treasurer of State for the disbursement of those funds for those purposes.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 6-20-203
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. The source passage cites 6-20-203. This identifies an authority to review, not proof of applicability.