Opinion No.

The Honorable Lance Reynolds State Representative Post Office Box 477 Quitman, Arkansas 72131-0477

Dear Representative Reynolds:

I am writing in response to your request for an opinion on whether A.C.A. § 14-42-108 presents any problem to the planned sale by the City of Act 9 bond property to a private corporation for a nominal consideration under an option to purchase contained in a lease agreement. Your request presents a follow-up question in the wake of Op. Att'y Gen. 2007-220. In that opinion, it was unclear to which statute your question intended to refer. I opined, in any event, that…