§ 6-51-503 - Procedure for purchase of lot. - Arkansas Statutes

6-51-503. Procedure for purchase of lot.

When a technical institute is advanced funds from the Building Trades Revolving Fund by the Department of Career Education as provided in this subchapter, the technical institute shall, if it proposes to purchase a lot on which to build the dwelling unit or other building project, cause notice of the proposed purchase to be published in a newspaper of general circulation in the area where it proposes to purchase the lot in order to give persons in the area an opportunity to offer lots for sale to the school for the construction of the dwelling unit or other building project.