Arkansas Code Title 12. Law Enforcement, Emergency Management, and Military Affairs § 12-30-214. Acquisitions and purchases

(1) Erect buildings;

(2) Purchase, install, or replace equipment;

(3) Procure tools, supplies, and materials;

(4) Employ personnel; and

(5) Otherwise defray necessary expenses.

(b)(1) To further aid the purposes in subsection (a) of this section, the board is empowered to enter into contracts and agreements with any person or persons upon a self-liquidating basis respecting the acquisition and purchase of any equipment, tools, supplies, and materials to the end that they may be paid for over a period of not exceeding ten (10) years.

(2) The aggregate amount of the purchases or acquisitions are not to exceed five hundred thousand dollars ($500,000) unless specifically approved by the Governor with the amounts to be payable solely out of the revenues derived from the activities authorized by this subchapter.