# Ark. Code Ann. § 19-5-1206: Building Authority Division Real Estate Fund

> Arkansas · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_AR_T19_C5_S12_S19-5-1206

## Section

- **Citation:** Ark. Code Ann. § 19-5-1206
- **Heading:** Building Authority Division Real Estate Fund
- **Jurisdiction:** Arkansas
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** AR Code / Title 19 / Chapter 5 / Subchapter 12 / Section 19-5-1206

## Text

(a) There is established on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a fund to be known as the "Building Authority Division Real Estate Fund". (b) (1) The Building Authority Division Real Estate Fund shall consist of funds transferred to it from the General Improvement Fund or its successor fund or fund accounts, including the Development and Enhancement Fund, or other funds, gifts, bequests, foundation grants and gifts, Governor's Emergency Fund or other emergency funds, federal grants and matching funds, short-term loans and advances, proceeds from bond issues, leases, service charges or fees, interagency transfers of funds, partnerships and debentures, and other funds as may be appropriated by the General Assembly. (2) The Building Authority Division Real Estate Fund shall be used to acquire either by deed or by lease, to own or operate, to maintain, to repair, to renovate, to develop, or to construct real properties, including any necessary demolition and site improvements, for use by state agencies, as defined in § 22-2-102 , for capital improvement needs under the jurisdiction of the Building Authority Division. Amended by Act 2019, No. 82,§ 15, eff. 7/1/2019. Amended by Act 2019, No. 910,§ 6101, eff. 7/1/2019. Amended by Act 2015EX1, No. 8,§ 19, eff. 7/1/2015. Amended by Act 2015EX1, No. 7,§ 19, eff. 7/1/2015. Acts 1999, No. 1463, § 27; 2001, No. 307, § 1; 2009, No. 251, § 21.

(a) There is established on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a fund to be known as the "Building Authority Division Real Estate Fund".

(b) (1) The Building Authority Division Real Estate Fund shall consist of funds transferred to it from the General Improvement Fund or its successor fund or fund accounts, including the Development and Enhancement Fund, or other funds, gifts, bequests, foundation grants and gifts, Governor's Emergency Fund or other emergency funds, federal grants and matching funds, short-term loans and advances, proceeds from bond issues, leases, service charges or fees, interagency transfers of funds, partnerships and debentures, and other funds as may be appropriated by the General Assembly. (2) The Building Authority Division Real Estate Fund shall be used to acquire either by deed or by lease, to own or operate, to maintain, to repair, to renovate, to develop, or to construct real properties, including any necessary demolition and site improvements, for use by state agencies, as defined in § 22-2-102 , for capital improvement needs under the jurisdiction of the Building Authority Division.

(1) The Building Authority Division Real Estate Fund shall consist of funds transferred to it from the General Improvement Fund or its successor fund or fund accounts, including the Development and Enhancement Fund, or other funds, gifts, bequests, foundation grants and gifts, Governor's Emergency Fund or other emergency funds, federal grants and matching funds, short-term loans and advances, proceeds from bond issues, leases, service charges or fees, interagency transfers of funds, partnerships and debentures, and other funds as may be appropriated by the General Assembly.

(2) The Building Authority Division Real Estate Fund shall be used to acquire either by deed or by lease, to own or operate, to maintain, to repair, to renovate, to develop, or to construct real properties, including any necessary demolition and site improvements, for use by state agencies, as defined in § 22-2-102 , for capital improvement needs under the jurisdiction of the Building Authority Division.

Amended by Act 2019, No. 82,§ 15, eff. 7/1/2019.

Amended by Act 2019, No. 910,§ 6101, eff. 7/1/2019.

Amended by Act 2015EX1, No. 8,§ 19, eff. 7/1/2015.

Amended by Act 2015EX1, No. 7,§ 19, eff. 7/1/2015.

Acts 1999, No. 1463, § 27; 2001, No. 307, § 1; 2009, No. 251, § 21.

## Nearby sections

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_AR_T19_C5_S12_S19-5-1206. Check the current official text before relying on it. Not legal advice.