85-110

Does the term "local agencies," as used in Act 222 of 1985, refer to counties and municipalities? RESPONSE: No. 19-9-501 This act provides for the annual reporting to the State Board of Finance upon revenue bonds issued by "local agencies".

Year: 1985Length: 235 wordsOfficial source

Cite as Ark. Op. Att'y Gen. 85-110

STATE OF ARKANSAS OFFICE OF THE ATTORNEY GENERAL ——--.. —... JUSTICE BUILDING, LITTLE ROCK 72201 __ STEVE CLARK May 23, 1985 "S01 371-2007 ATTORNEY GENERAL OPINION NO. 85-110 ' The Honorable Jimmie Lou Fisher State Treasurer State Capitol Building Little Rock, AR 72201 Res Section 2 of Act 222 of 1985 Dear Ms. Fisher: This is in response to your letter requesting an official opinion on whether counties and municipalities of the State of Arkansas are "local agencies" as the term is used in Act 222 of 1985. ‘. In my opinion, counties and municipalities are not “local agencies" and therefore do not come within the purview .O£ the Act. Act 222 of 1985 provides for the annual reporting to the State Board of Finance all Revenue Bonds issued by various governmental units. Section 2 is clear that applies to Revenue Bonds issued by ". . . State and local agencies, boards, commissions, institutions of higher education and authorities authorized by the state." The Arkansas Supreme ‘Court has stated when the wording of an enactment is self-evident, the court need not look elsewhere to determine meaning and intent, Casey v. Scott Paper Co., 272 Ark. 312, 613 S.W.2d 821 (1981). Section 2 is clear that "local agencies" does not include counties and municipalities. The foregoing opinion, which I hereby approve, was prepared by Deputy Attorney General Curtis L. Nebben. Sirderely, STEVE Ue Attorney General SC/CN/pw
85-110: Does the term "local agencies," as used in Act 222 of 1985, refer to counties and municipalities? RESPONSE: No. 19-9-501 This act provides for the annual reporting to the State Board of Finance upon revenue bonds issued by "local agencies". | Justis AI