Opinion No.

The Honorable Jimmy "Red" Milligan State Representative P.O. Box 68 Yellville, Arkansas 72687-0068

Dear Representative Milligan:

I am writing in response to your request for my opinion on whether the following proposed resolution, if enacted, would be in violation of the law:

RESOLUTION NO. _____

A RESOLUTION AUTHORIZING FORMATION OF A PUBLIC-BENEFIT CORPORATION; AUTHORIZING EXPENDITURE OF CITY FUNDS FOR PUBLIC PURPOSES AND RELATING TO OTHER MATTERS.

WHEREAS, Act 1147 of 1993 authorized governmental entities to form and create a public-benefit, non-profit corporation;

WHEREAS, it is in the best…