From the funds appropriated by the General Assembly to the Building Authority Division not designated to be spent for a particular public building or capital improvement for a particular state agency, the division shall:
(1)
(A) Use the lands acquired by the Arkansas Revenue Department Building Commission which are transferred to State Building Services under Acts 1975, No. 716, § 6, as sites for public buildings and obtain additional sites as provided in this chapter.
(B)
(i) The additional sites may be obtained either with or without compensation by making necessary arrangements with any state agency for any lands owned by the state agency or by the State of Arkansas and under the control or jurisdiction of that state agency.
(ii) In the alternative, a site may be obtained by the division by gift, purchase, or condemnation under the power of eminent domain at any suitable location.
(C) In the event the needed sites cannot be purchased by negotiation, the division is authorized to institute condemnation proceedings in Pulaski County, Arkansas, under the power of eminent domain for the acquisition of sites.
(D) Condemnation proceedings under the power of eminent domain may be exercised within Pulaski County, Arkansas, in the manner now provided by §§ 18-15-1202 — 18-15-1207, or pursuant to any applicable statutory provisions for the exercise of the power of eminent domain by the State of Arkansas or by any state agency.
(E) Title to all lands acquired under this chapter shall be taken in the name of the State of Arkansas;
(2) Construct, repair, renovate, alter, and equip buildings and capital improvements or acquire, by gift or purchase, existing buildings or capital improvements and the sites upon which they are situated for use as public buildings;
(3)
(A) Operate, manage, maintain, and otherwise provide for the operation of the public buildings or capital improvements so constructed or acquired and arrange for the housing of state agencies as space and facilities permit upon such terms and conditions and for such rentals as the division may determine.
(B) Should there be any surplus space in a public building above the requirements of state agencies that can be feasibly housed in the building, the division may lease or rent the surplus space to individuals and organizations other than state agencies until it is needed by state agencies; and
(4) Demolish, remove, and dispose of or salvage any buildings or other capital improvements as necessary for the construction and equipping of public buildings or capital improvements.