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Georgia Commons

Código Oficial de Georgia Anotado

Título 36. LOCAL GOVERNMENT · Capítulo 82. BONDS · Artículo 5. REGULATION OF INTEREST RATES FOR BONDS AND OBLIGATIONS OTHER THAN GENERAL OBLIGATION BONDS

36-82-122. Exemption of bonds from Constitution and laws of Georgia regulating interest rates; fixing of rates of interest by resolution or ordinance.

Vigente

Actualizado hasta: Including Acts of the 2025 Session of the General Assembly of Georgia.

El texto siguiente es la ley tal como la imprime el estado, en inglés.

  1. (a)

    From and after March 16, 1981, any bonds issued by a municipality shall be exempt from:#

    1. (1)

      All laws of this state governing usury or prescribing or limiting interest rates to be borne by bonds; and#

    2. (2)

      All provisions of the Constitution of Georgia prescribing or limiting interest rates to be borne by bonds to the extent that the Constitution of Georgia permits the General Assembly by law to define further the powers and duties of any such municipality and to enlarge or restrict the same.#

  2. (b)

    The interest rate or rates to be borne by any bonds issued by a municipality shall be fixed by the governing body of such municipality in the resolution or ordinance adopted by such governing body to authorize the issuance of any such bonds.#

Las notas siguientes se imprimen con la sección, pero no son ley promulgada (O.C.G.A. § 1-1-1(c)). Se muestran aparte del texto.

History

Ga. L. 1981, p. 384, § 3; Ga. L. 1982, p. 1603, §§ 1, 3.

Editor's notes

Ga. L. 1982, p. 1603, § 2 ratified and reaffirmed all terms and provisions of Ga. L. 1981, p. 384, as amended by the 1982 Act, and declared that such terms and provisions were of full force and effect. Ga. L. 1982, p. 1603, § 2 stood repealed on November 1, 1982, as provided in § 5(b) of the 1982 Act.

Cross references

Usury, § 7-4-1 et seq.

Law reviews

For article surveying developments in Georgia local government law from mid-1980 through mid-1981, see 33 Mercer L. Rev. 187 (1981).

Leer la página oficial (el PDF del estado, abierto en la página de la que se leyó este texto).

Actualizado hasta: Including Acts of the 2025 Session of the General Assembly of Georgia.

Texto leído de t36-ch60-92-(v27a)-2025-pdf.pdf, Volumen V27A, edición 2025, página 529; acción de fusión: bound only; SHA-256 del archivo 5150ee8c60f7.