The board of trustees is authorized and empowered to enter into the necessary contracts for the borrowing of all or any part of the funds that the board of trustees may determine will be required in connection with the financing of a project.
Authority of board of trustees — Financing a project
Ark. Code Ann. § 6-61-1012 — under Postsecondary Institutions Generally.
Ark. Code Ann. § 6-61-1012