Opinion No. (2002)

Dear Senator Mickle,

¶ 0 This office has received your request for an official Attorney General Opinion in which you ask, in effect, the following questions:

1. Can a school district use the proceeds of general obligation bonds to make an annual installment payment under a lease-purchase agreement for buildings or equipment?

2. Can a school district use general obligation bond proceeds to acquire certain portions of a building and equipment pursuant to a lease-purchase agreement whereby title to the leased property vests in the school district at the end of the lease term?

3. Can a school…