Are lands owned by Arkansas State University but leased to a private leaseholder and used for non educational purposes exempt from ad valorem taxation? RESPONSE: No. 26-3-301. Arkansas Constitution Art. 16, sec. 5 & 6.

OPINION NO. 86-168 Mit April 29, 1986 Honorable Owen Thomas Miller State Representative 602 Liberty Marked Tree, AR 72365 ‘Dear Representative Miller: This is in response to your opinion request wherein you posed the following question: Are lands owned by Arkansas State University but leased to a private leaseholder and used for non- educational purposes exempt from ad valorem taxes? The answer is no. The specific property tax exemption for, institutions of learning is set out in Ark. Stat. Ann. §84-206 (Repl. 1980) and includes only properties used as . . school buildings or for school purposes. For a more in-depth analysis of the tax exempt status afforded properties owned by Arkansas Universities please eee find enclosed a copy of an Attorney General's Opinion Ce written to the Honorable W. A. "Dub" Arnold. ~ m0 _ The foregoing opinion, which I hereby approve, was 5 yprepared by Assistant Attorney General David Ss. Mitchell. Sincerely,» “STEVE CLARK Attorney General -