Statutes > Arkansas Statutes > Title 6 - Education > Subtitle 5 - Postsecondary And Higher Education Generally > Chapter 61 - Postsecondary Institutions Generally > Subchapter 10 - Technical College and Community College Capital Improvement Act > § 6-61-1014 - Authority of board of trustees -- Use of available funds.

§ 6-61-1014 - Authority of board of trustees -- Use of available funds.

6-61-1014. Authority of board of trustees -- Use of available funds.

The board of trustees is authorized to utilize any funds available to finance temporarily all or any part of the project and to make reimbursement of the funds from the proceeds of the sale of any bonds issued to finance a project permanently.