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Section 36-82-251 - Qualified interest rate management agreements authorized — Georgia Law | CourtGPT
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  2. Laws/
  3. Georgia/
  4. Title 36 - Local Government Provisions Applicable to Counties Only (§§ 36-1-1 — 36-23-01)/
  5. Provisions Applicable to Counties Municipal Corporations and Other Governmental Entities/
  6. Chapter 82 - Bonds/
  7. Article 11 - Interest Rate Management Agreements/
  8. Section 36-82-251 - Qualified interest rate management agreements authorized
Georgia Legal Code
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.Added by 2005 Ga. Laws 129,§ 1, eff. 5/2/2005.

Section 36-82-251 - Qualified interest rate management agreements authorized

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