Opinion No.

The Honorable Barbara Horn State Representative P.O. Box 64 Foreman, Arkansas 71836-0064

Dear Representative Horn:

This is in response to your request for an opinion on the following question:

Under provision of Arkansas Code Annotated 6-20-402(a)(3), is `purchase of equipment' a purpose for which a school board may enter into a three-year installment contract to finance the purchase of a district road vehicle; or, is such an obligation to be charged against the district revenues of the fiscal year in which the obligation is incurred?

It is my opinion that a road vehicle can fall under the term…