22 CAR § 115-104 – Sale of real property

(a) All sales of real property owned by agencies shall be made pursuant to Arkansas Code § 22-6-601.
(b) This code provision should be reviewed for questions concerning Governor’s approval, appraisals, appraiser’s oaths, advertising, bid bonds, bid openings, and award of contract through a bid process as well as remaining fund balances from the receipt of moneys.
(c) Departments should consult Arkansas Code § 22-6-113 concerning the state’s retention of mineral interests in any sale of state real property.