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.
Authority of board of trustees — Use of available funds
Ark. Code Ann. § 6-61-1014 — under Postsecondary Institutions Generally.
Ark. Code Ann. § 6-61-1014