§ 11-10-324 - Agreements authorized. - Arkansas Statutes

11-10-324. Agreements authorized.

(a) For the express purpose of providing adequate office facilities to the extent that federal funds are available, the Arkansas Building Authority Council is authorized to act as the primary lessor and enter into lease-purchase agreements, provided that the agreements contain an escape clause whereby each agreement could be cancelled at the close of each biennium, if necessary, to obtain new facilities with funds derived from federal sources for the United States Department of Labor employment and training administration offices at Little Rock, Fort Smith, Harrison, Forrest City, Jonesboro, Hot Springs, Helena, Fayetteville, Camden, Hope, and Blytheville.

(b) The council shall make the final determination, with the advice and consent of the Employment and Training Administration of the United States Department of Labor, regarding location or construction of facilities.

(c) All agreements and other matters concerning the buying, trading, selling, renting, renovating, or acquisition of any real or personal property as authorized by this subchapter shall be a public record and available for public inspection.