As used in this subchapter, unless the context otherwise requires:
(1) “Any tax-supported institution of higher learning” includes the University of Arkansas, University of Central Arkansas, Henderson State University at Arkadelphia, Arkansas Tech University, Arkansas State University at Jonesboro, and Southern Arkansas University at Magnolia, together with their respective branches and departments wherever located in the State of Arkansas, and any other institution offering courses in education beyond the twelfth grade of the public school system and supported primarily by appropriations from state funds;
(2) “Institution” refers to each of the tax-supported institutions of higher learning; and
(3) “Property” includes lands, buildings, and other property, real or personal, tangible or intangible.