---
title: O.C.G.A. § 36-82-251. Qualified interest rate management agreements authorized.
collection: code
id: 36-82-251
cite_as: O.C.G.A. § 36-82-251 (2025)
canonical_url: https://georgiacommons.org/code/36-82-251
md_url: https://georgiacommons.org/code/36-82-251.md
text_url: https://georgiacommons.org/code/36-82-251/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t36-ch60-92-(v27a)-2025-pdf.pdf?sfvrsn=1fad51cc_0#page=565
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
license: CC0-1.0
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
up: https://georgiacommons.org/code/36-82.md
previous: https://georgiacommons.org/code/36-82-250.md
next: https://georgiacommons.org/code/36-82-252.md
index: https://georgiacommons.org/code/index.md
version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Session of the General Assembly of Georgia
heading_path: LOCAL GOVERNMENT / Provisions Applicable to Counties, Municipal Corporations, and Other Governmental Entities / BONDS / INTEREST RATE MANAGEMENT AGREEMENTS
---

# O.C.G.A. § 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.

## History

Code 1981, § 36-82-251, enacted by Ga. L. 2005, p. 642, § 1/SB 227.