§ 36-82-202. Applicability
The provisions of this article shall apply to all bonds issued on or after April 1, 1990. History. Code 1981, § 36-82-209, enacted by Ga. L. 1987, p. 486, § 1; Ga. L. 1990, p. 817, § 1. Editor’s notes. The former provisions of Code Section 36-82-202 are the present provisions of Code Section 36-82-195.
§ 36-82-220. Definitions
As used in this article, the term: “Governmental unit” means any county, municipal corporation, school district, or political subdivision of the state. “Local authority” means any public corporation or authority created by or pursuant to a local or special Act of the General Assembly or a local or special amendment to the Constitution. “Obligations” means […]
§ 36-82-221. Sponsoring Governmental Unit Requirement
No local authority shall issue or be a grantor of a trust which issues any obligations to finance or refinance any real or personal property to be owned, leased, or operated by any governmental unit which is not a sponsoring governmental unit of such local authority. History. Code 1981, § 36-82-221 , enacted by Ga. […]
§ 36-82-222. Construction
This article shall be liberally construed to effect the purposes hereof. Insofar as the provisions of this article may be inconsistent with the provisions of any local or special amendment to the Constitution, this article shall control and shall be deemed to be an exercise of the power to enlarge or restrict the provisions of […]
§ 36-82-240. Definitions
As used in this article, the term: “Governing body” means the board, commission, council, or other local legislative body of governmental entity. “Governmental entity” means any school district, independent school system, county, municipal corporation, consolidated city-county government, or other political subdivision of the state, any local authority, local body corporate, or local public corporation created […]
§ 36-82-241. Governed by General Provisions on Commercial Paper; Issuance of Security by Governmental Entity; Requirements of Governing Body Renewal and Reissuance of Commercial Paper
Whenever a governmental entity is authorized by law to issue bonds, notes, or certificates, including but not limited to general obligation bonds, revenue bonds, bond anticipation notes, tax anticipation notes, or revenue anticipation certificates, such governmental entity is authorized to issue such obligation in the form of commercial paper notes. The issuance of commercial paper […]
§ 36-82-250. Definitions
As used in this article, the term: “Counterparty” means the party entering into a qualified interest rate management agreement with the local governmental entity. A counterparty must be a bank, insurance company, or other financial institution duly qualified to do business in the state that either: Has, or whose obligations are guaranteed by an entity […]
§ 36-82-251. Qualified Interest Rate Management Agreements Authorized
With respect to all or any portion of any debt or lease or installment purchase contract, either issued or anticipated to be issued by the local governmental entity, the local governmental entity may enter into, terminate, amend, or otherwise modify a qualified interest rate management agreement under such terms and conditions as the local governmental […]
§ 36-82-252. Plan Required; Annual Review of Plan and Report
Prior to executing and delivering a qualified interest rate management agreement, the local governmental entity shall have adopted an interest rate management plan that includes: An analysis of the interest rate risk, basis risk, termination risk, credit risk, market-access risk, and other risks to the local governmental entity entering into qualified interest rate management agreements; […]
§ 36-82-253. Requirements for Plans; Renewal or Termination; Provisions and Limitations Regarding Obligation for Payment; Credit Enhancement and Liquidity Agreements
Each qualified interest rate management agreement shall meet the following requirements: Subject to subsection (b) of this Code section, the maximum term, including any renewal periods, of any qualified interest rate management agreement may not exceed ten years unless such longer term has been approved by the governing body of the local governmental entity; provided, […]