(2) Any such contract which is for a term in excess of two years shall include commercially reasonable provisions under which the rates, fees, or other charges shall be adjusted with respect to inflationary or deflationary factors affecting the provision of the utility service in question; and
(3) Any such contract shall include commercially reasonable provisions relieving the local authority from its obligations under the contract in the event that the local authority’s ability to comply with the contract is impaired by war, natural disaster, catastrophe, or any other emergency creating conditions under which the local authority’s compliance with the contract would become impossible or create a substantial financial burden upon the local authority or its taxpayers.
History. Code 1981, § 36-80-17 , enacted by Ga. L. 1998, p. 1113, § 3; Ga. L. 2019, p. 605, § 3/SB 95.
The 2019 amendment, effective July 1, 2019, rewrote paragraph (b)(1), which read: “No such contract shall be for a term in excess of ten years;”.
Structure Georgia Code
Chapter 80 - General Provisions
§ 36-80-3. Authorized Investments of Funds by Governing Bodies
§ 36-80-4. Delegation of Governing Body’s Investment Authority to Financial Officer
§ 36-80-5. Relief From or Composition of Debts Under Federal Statute Prohibited
§ 36-80-7. Execution of Contracts, Plans, and Documents for Consolidated Programs
§ 36-80-8. Establishment of Area Offices for Consolidated Programs
§ 36-80-10. Election for Unbonded Debt — Requirement and Procedure
§ 36-80-11. Notice of Election for Unbonded Debt
§ 36-80-12. Voting in Election for Unbonded Debt; Returns and Declaration of Election Result
§ 36-80-13. Authorization to Incur Unbonded Debt Following Favorable Vote
§ 36-80-14. Annual Sinking Fund for Unbonded Debt
§ 36-80-16. Local Government Authorities Registration
§ 36-80-16.1. Pilot Restriction; Payments in Lieu of Taxes Defined; Financing Capital Projects
§ 36-80-17. Authorization to Contract for Utility Services; Conditions and Limitations
§ 36-80-21. Definitions; Electronic Transmission of Budgets
§ 36-80-22. Definitions; Restrictions; Requirements
§ 36-80-25. Financing of Public Projects by Local Entities
§ 36-80-26. Multi-County Community Improvement Districts for Transit Projects