There is a newer version of the Georgia Code
2010 Georgia Code
TITLE 36 - LOCAL GOVERNMENT
PROVISIONS - PROVISIONS APPLICABLE TO COUNTIES, MUNICIPAL CORPORATIONS, AND OTHER GOVERNMENTAL ENTITIES
CHAPTER 82 - BONDS
ARTICLE 11 - INTEREST RATE MANAGEMENT AGREEMENTS
§ 36-82-251 - Qualified interest rate management agreements authorized
O.C.G.A. 36-82-251 (2010)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 entity may determine, including, without limitation, provisions permitting the local governmental entity to pay to or receive from any counterparty any loss of benefits under such agreement upon early termination thereof or default under such agreement.
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