(1) The board of trustees of each educational institution of higher education supported, in whole or in part, by the State of Arkansas, shall have the right to adopt rules for the admission and enrollment of students in the respective institutions of higher education under the control of such board, expressly including the right to refuse admission and enrollment to any person who comes to the State of Arkansas solely for the purpose of securing admission, enrollment, and educational advantages at the expense of the State of Arkansas.
(2) Each board may conduct hearings for the purpose of determining whether or not any applicant for admission and enrollment has come to the State of Arkansas for such wrongful purpose, and the findings of any such board of trustees in the State of Arkansas, after the hearing, if based on any evidence, shall be conclusive.