Opinion No.

Mr. Randy Sims, Chairman Board of Trustees University of Central Arkansas 201 Donaghey Avenue Wingo Hall, Suite 207 Conway, Arkansas 72035

Dear Mr. Sims:

This is in response to your request for an opinion on several questions concerning "certain provisions of Arkansas law dealing with cash funds of a university, salaries and compensation arrangements." Specifically, you pose the following three questions:(1) Are "cash funds" held by an institution of higher education and paid to the institution by private companies operating the institution's food service and bookstore, "public funds" of the…