§ 22-6-117 - Report to Legislative Council. - Arkansas Statutes

22-6-117. Report to Legislative Council.

(a) For purposes of this section and 22-6-118, "quarter" means:

(1) January 1 through March 31 of each year;

(2) April 1 through June 30 of each year;

(3) July 1 through September 30 of each year; and

(4) October 1 through December 31 of each year.

(b) When any agency of this state or agent of this state conveys any interest in real property or natural resources owned by this state, the agent or agency shall report the conveyance to the Legislative Council no later than thirty (30) days after the end of the quarter during which the conveyance occurred.

(c) The report of conveyance shall include:

(1) The parties to the conveyance;

(2) The date of the conveyance;

(3) The location of the property conveyed;

(4) The compensation received by the state for the conveyance;

(5) Changes in the lease agreement if the conveyance is a lease; and

(6) Any other information requested by the Legislative Council.