Ark. Code Ann. § 6-71-141: Construction and maintenance of college or university - Inducing existing institutions to move to district

The district shall have power to construct and maintain a college or university within the boundaries of the district and shall have power to negotiate and contract with and grant inducements to any other college or university now in existence for the removal of the college or university now in existence to that district. However, new buildings shall be constructed by the special improvement district.