Georgia Code
Article 11 - Interest Rate Management Agreements
§ 36-82-256. Applicability to Prior Contracts

Any contract which has been duly authorized and executed by a local governmental entity before May 2, 2005, shall not be rendered invalid or improper by the provisions of this article; provided, however, that this article shall apply to any renewal of such a contract after May 2, 2005, unless the contract permitted the renewal and set the terms of the renewal contract before January 1, 2005, in which case this article shall not apply to any such renewals.
History. Code 1981, § 36-82-256 , enacted by Ga. L. 2005, p. 642, § 1/SB 227.
Code Commission notes.
Pursuant to Code Section 28-9-5, in 2005, “May 2, 2005,” was substituted for “the effective date of this article” and “May 2, 2005,” was substituted for “its effective date” in this Code section.

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