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1996 Arkansas Attorney General Reports and Opinions 1 (1996)

handle is hein.sag/sagar0072 and id is 1 raw text is: STATE OF ARKANSAS Office of the Attorney General Winston Bryant Telephone: Attorney General (501) 682-2007 Opinion No. 96-177 May 16, 1996 Mr. Charles Willis, Chairman Greene County Election Commission do Nadine Jamison, County Clerk Post Office Box 62 Paragould, Arkansas 72451-3550 Dear Mr. Willis: This is in response to your request for an opinion on the length of time a city would need to wait for a re-election on a Bond Issue which failed on April 9, 1996, and whether such question may be voted on the same day as the State Primary General Election. My understanding of the relevant facts is as follows: The voters of the City of Paragould defeated, on April 9, 1996, a proposal to issue bonds under authority of the Local Government Bond Act, A.C.A. §§ 14-164-301 to -340 (1987 and Supp. 1995) (the Act), to finance the acquisition or improvement of city parks. The bonds were to be secured by a pledge of all or some portion of the revenues arising from a local sales and use tax imposed under authority of the Act, which tax was approved by the voters at the same election. The City is currently revising the parks plan with a view to making it acceptable to a majority of voters. The revised plan will be embodied in an ordinance to be acted upon by the governing body of the City. The ordinance, if adopted, will place a modified proposal for the issuance of bonds under the Act, for parks purposes, before the voters in the near future. The bonds to be issued under the modified proposal, like the bonds contemplated by the original proposal, are to be secured by a pledge of all or some portion of the revenues arising from the local sales tax. 200 Tower Building. 323 Center Street * Uttle Rock, Arkansas 72201-2610 1051

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