Browse Arkansas Code titles and sections
6-64-617. Bonds — Use of excess costs.
Arkansas Code — all titles (historical 2020) · legal_authorities
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 of the University of Arkansas from time to time for accomplishing any purposes set forth in § 6-64-606.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 6-64-617
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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Stable record: arkansas_code:legal_authorities:6-64-617
Source file: gov.ar.code.title.06.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 532732165adf9806230a140b4e4859499a071eda9746cb231e9f1a9a9c3082bd
Source location: content.xml paragraph 40081
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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 of the University of Arkansas from time to time for accomplishing any purposes set forth in § 6-64-606.
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Arkansas Code — all titles (historical 2020) · legal_authorities
6-64-606. Levy of costs — Use and priorities of funds collected.
(a) All collections of the costs levied by this subchapter shall be used by the Board of Trustees of the University of Arkansas solely for purposes of legal education, including academic, clinical, and continuing education, operated under the auspices and academic administration of the University of Arkansas School of Law, including, without limitation, financing the costs of:
(1) The construction, expansion, improvement, or equipping of buildings and facilities for legal education on the sites owned by the board and located in or near the City of Fayetteville, Arkansas, or the City of Little Rock, Arkansas; and
(2) The operation of legal education programs.
(b) In determining the needs of legal education in Arkansas and in allocating funds to meet these needs from the levying of costs as provided in this subchapter, including funds derived from revenue bonds authorized in this subchapter, the board shall give first priority to the upgrading and maintenance of the University of Arkansas at Fayetteville School of Law to the end that such school, as quickly as funds permit, shall become a first-class quality law school in the physical facilities, library content, faculty, administration, and operating program.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 6-64-606
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 6-64-606. This identifies an authority to review, not proof of applicability.