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Official Code of Georgia Annotated

Title 36. LOCAL GOVERNMENT · Chapter 82. BONDS · Article 5. REGULATION OF INTEREST RATES FOR BONDS AND OBLIGATIONS OTHER THAN GENERAL OBLIGATION BONDS

36-82-123. Repeal of regulations as to interest rates contained in other laws.

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Current through: Including Acts of the 2025 Session of the General Assembly of Georgia.

  1. All provisions contained in any of the following laws which prescribe or limit the interest rate or rates to be borne by bonds are repealed to the extent the same are in conflict with this article and to the extent necessary to effect the purpose of this article by exempting any bonds issued by a municipality from all laws of the state governing usury or prescribing or limiting interest rates to be borne by bonds:

  2. (1)

    Article 3 of this chapter, the “Revenue Bond Law”;#

  3. (2)

    Article 4 of Chapter 7 of Title 31, the “Hospital Authorities Law”;#

  4. (3)

    Article 1 of Chapter 3 of Title 8, the “Housing Authorities Law”;#

  5. (4)

    Chapter 62 of this title, the “Development Authorities Law”; and#

  6. (5)

    Article 3 of Chapter 3 of Title 46, pertaining to the Municipal Electric Authority of Georgia.#

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

History

Ga. L. 1981, p. 384, § 4.

Read the official page (the state's PDF, opened at the page this text was read from).

Current through: Including Acts of the 2025 Session of the General Assembly of Georgia.

Text read from t36-ch60-92-(v27a)-2025-pdf.pdf, Volume V27A, 2025 edition, page 530; merge action: bound only; file SHA-256 5150ee8c60f7.