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Arkansas Code Title 19. Public Finance § 19-1-213. Unneeded state property--Leasing

Current as of March 28, 2024 | Updated by Findlaw Staff

(a) The Secretary of the Department of Finance and Administration may lease, with approval of the Governor, any state property, real or personal, which is not needed for public use, and the leasing of which is not prohibited by law, where the authority to lease the property is not vested in any other state agency.

(b) No property shall be leased under this section for a term exceeding two (2) years.

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Cite this article: FindLaw.com - Arkansas Code Title 19. Public Finance § 19-1-213. Unneeded state property--Leasing - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-19-public-finance/ar-code-sect-19-1-213/

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