(1) Be located on real property owned or leased by a public entity; and
(2) Include any improvements necessary or desirable to unimproved real property owned by a public entity.
(b) The RPE’s development of a qualifying project is contingent on a private entity’s entering into an interim or comprehensive agreement, or both, with the RPE.
(c) Any agreements made between the RPE and a private entity under the Partnership for Public Facilities and Infrastructure Act, Arkansas Code § 22-10-101 et seq., and this part do not enlarge, diminish, or affect the authority already possessed by the RPE to take action that would impact the debt capacity of the state.