Loading chat...
AR SB545
Bill
Status
4/14/2025
Primary Sponsor
Mark Johnson
Click for details
AI Summary
-
Expands authority of boards of trustees at University of Arkansas, Arkansas State University, University of Central Arkansas, Arkansas Tech University, and Southern Arkansas University to acquire, improve, install, license, lease, or equip facilities, infrastructure, technologies, and other tangible or intangible properties
-
Removes Henderson State University from the list of institutions covered under this subchapter
-
Authorizes university boards to issue bonds backed by any operational revenues excluding tax collections, in addition to previously authorized revenue sources
-
Broadens board authority to set rents, tolls, fees, and athletic gate receipts for a wider range of assets including facilities, improvements, infrastructure, leaseholds, and technology
-
Approved April 14, 2025 as Act 564 of the Regular Session
Legislative Description
To Amend The Law Related To The Property And Finances Of State Institutions Of Higher Education; To Amend The Law Related To Bonds; And To Amend The Law Regarding Rents, Tolls, Fees, And Other Charges Related To Athletic Contests.
Last Action
Notification that SB545 is now Act 564
4/14/2025