The authority may sell the revenue bonds in such manner at public or private sale and for such price, rate of interest, and other terms as it may determine to be in the best interest of the authority. The rate of interest may be a fixed or variable rate, but if the rate is a variable rate, a maximum per annum rate of interest shall be specified in the authorizing resolution and in the validation proceeding.
History. Code 1981, § 10-9-44 , enacted by Ga. L. 1988, p. 556, § 4.
Structure Georgia Code
Chapter 9 - Geo. L. Smith Ii Georgia World Congress Center
§ 10-9-40. Issuance of Bonds Authorized; Purpose
§ 10-9-41. Terms and Conditions of Bonds; Form
§ 10-9-44. Sale of Bonds; Interest Rate
§ 10-9-45. Use of Proceeds; Issuance of Additional Bonds in Case of Deficit; Use of Surplus
§ 10-9-46. Interim Revenue Receipts, Certificates, or Bonds
§ 10-9-47. Replacement of Mutilated, Destroyed, or Lost Bonds
§ 10-9-48. Proceedings and Conditions for Issuance; Resolution
§ 10-9-49. Lease of Facilities; Terms and Conditions; Contracts With Public Entities
§ 10-9-50. Enforceability Against Authority; Limitation on State Liability
§ 10-9-52. Enforcement of Rights by Bondholder, Receiver, or Indenture Trustee
§ 10-9-53. Payment of Sale Proceeds to Trustee
§ 10-9-56. Bonds Made Securities for Investment and Deposit Purposes
§ 10-9-57. Validation of Bonds; Applicability of “Revenue Bond law.”
§ 10-9-58. Legislative Findings; State Covenants
§ 10-9-59. Inapplicability of “Georgia Uniform Securities Act of 2008.”