Arkansas Higher Education Coordinating Board Regular Quarterly Meeting Oct 2025
$9.5M Bond Issue Approved for SAC Residence Hall Construction
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Description
The Arkansas Higher Education Coordinating Board approved South Arkansas College's plan to issue bonds of up to $9.5 million over 30 years to finance construction of its first on-campus Residence Hall. The bond proceeds will support educational, general, and auxiliary purposes, with set annual maintenance transfers required.
Contract Details
Contract Amount
Not to exceed $9,500,000
Vendor
SOUTH ARKANSAS COLLEGE
Agency
Arkansas DHE|Presidents Council Meeting, AR
Contract Type
CONSTRUCTION
Document Date
October 24, 2025
Contract Term
30 years
Renewal Date
2055-10-24
Renewal Info
Not applicable. Bond issue subject to 30-year term, no renewal clause stated.
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Arkansas Higher Education Coordinating Board Regular Quarterly Meeting Oct 2025
Arkansas Higher Education Coordinating Board Meeting Minutes October 2025
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