Official Code of Georgia Annotated

Title 36. LOCAL GOVERNMENT · Chapter 82. BONDS · Article 11. INTEREST RATE MANAGEMENT AGREEMENTS

36-82-256. Applicability to prior contracts.

Active

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

Any contract which has been duly authorized and executed by a local governmental entity before May 2, 2005, shall not be rendered invalid or improper by the provisions of this article; provided, however, that this article shall apply to any renewal of such a contract after May 2, 2005, unless the contract permitted the renewal and set the terms of the renewal contract before January 1, 2005, in which case this article shall not apply to any such renewals.

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

Code 1981, § 36-82-256, enacted by Ga. L. 2005, p. 642, § 1/SB 227.

Code Commission notes

Pursuant to Code Section 28-9-5, in 2005, “May 2, 2005,” was substituted for “the effective date of this article” and “May 2, 2005,” was substituted for “its effective date” in this Code section.

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 570; merge action: bound only; file SHA-256 5150ee8c60f7.