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§ 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 […]