Georgia Code § 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.

Section: 36-82-250  36-82-251  36-82-252  36-82-253  36-82-254  36-82-255  36-82-256    Next

Last modified: October 14, 2016