Opinion No. 73-190 (1973) Ag

BOARD OF EDUCATION — PURCHASE OF ANNUITIES A board of education may not legally purchase annuities for the school district employees from one who has become a member of such board. The Attorney General has considered your request for an opinion concerning the purchase of annuities for school district employees from a member of the Board of Education. Your question was: "A member of a local board of education wrote annuity policies for some of the school district employees prior to his election to the board "May the board of education now legally purchase these annuities for the school…