§ 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, […]
§ 36-82-180. Short Title
This article shall be known and may be cited as the “Georgia Allocation System.” History. Code 1981, § 36-82-180 , enacted by Ga. L. 1987, p. 486, § 1; Ga. L. 1990, p. 817, § 1.
§ 36-82-196. Factors to Consider in Applying Policy Guidelines
When the department is required to apply the policy guidelines it may consider such factors, known as evaluation factors, in deciding which applications should receive a notice of allocation. The evaluation factors to be considered shall include, but are not limited to, the number of permanent jobs created or retained; the commitment of the borrower […]
§ 36-82-181. Legislative Purpose
The economic development and the availability of safe, sanitary, and affordable housing in the State of Georgia are of vital importance to the state and its citizens. Private activity bond financing has been an integral part of the state’s program for economic development and affordable housing. The United States government has enacted a law which […]
§ 36-82-197. Transfer of Fund From Economic Development Share or Applicable Reservation Component of Housing Share to the Flexible Share
If after the first six months of the year, 75 percent or more of the economic development share or any one or more reservation components of the housing share remains unallocated, the commissioner may transfer any available state ceiling, or any part thereof, from the economic development share or the applicable reservation component of the […]
§ 36-82-182. Definitions
As used in this article, the term: “Amount” means, when used with respect to bonds, notices of allocation, or portions of the state ceiling, an amount measured in terms of United States dollars. “Application” means the application and amendments thereto for a notice of allocation required to be filed by an issuer with the department […]