Opinion No. (1992)

The Honorable Norwood Creason Representative, District 28 State Capitol Building, Room 303A Jefferson City, Missouri 65101

Dear Representative Creason:

This opinion is in response to your question asking:

Under the provisions of Article VI, Section 25 of the Constitution of the state of Missouri, may a county enter into a repurchase agreement with a banking company whereby from time to time the parties may enter into transactions in which the bank agrees to transfer to the county securities or financial instruments against the transfer of funds by the county, with a simultaneous agreement by the…