§ 22-6-111 - Price of swamp, internal improvement, seminary, saline, or school lands -- Exemptions. - Arkansas Statutes

22-6-111. Price of swamp, internal improvement, seminary, saline, or school lands -- Exemptions.

(a) (1) No swamp, internal improvement, seminary, or saline lands shall be sold for less than two dollars and fifty cents ($2.50) per acre, and no state school land shall be sold for less than two dollars and fifty cents ($2.50) per acre nor for less than the market value ascertained by appraisement.

(2) When any lands or interest therein may be recovered by the state by litigation, the lands or interest shall be ordered sold by the court as in sales of land upon decree in equity.

(3) After paying expenses, the balance of the purchase money shall be deposited in the State Treasury, as provided in 6-20-202 and 6-20-203.

(b) Nothing in this section shall be construed to prevent the donation of state lands as provided by law.

(c) Nothing in this section or 22-6-301 -- 22-6-304 shall prevent the Commissioner of State Lands from accepting outstanding refunding certificates issued by the state for lands previously sold in payment for state lands.

(d) Nothing in this section or 22-6-301 -- 22-6-304 shall affect the sale of any state lands where written application was filed with the Commissioner of State Lands prior to February 1, 1919.

(e) Nothing in this section or 22-6-301 -- 22-6-304 shall affect the law in regard to the sale by the state of tax-forfeited lands.