Georgia Code
Part 1 - General Authority, Duties, and Procedure
§ 50-5-77. Multiyear Lease, Purchase, or Lease Purchase Contracts; Required Provisions for Contracts; Calculation and Application of Savings or Enhanced Revenues; External Oversight Committee; Annual Report

History. Code 1981, § 50-5-77 , enacted by Ga. L. 2003, p. 439, § 1; Ga. L. 2010, p. 1091, § 1/SB 194.
Code Commission notes.
Pursuant to Code Section 28-9-5, in 2010, “Georgia Environmental Finance Authority” was substituted for “Georgia Environmental Facilities Authority” in paragraph (a)(2).
Editor’s notes.
Ga. L. 1996, p. 885, § 1, not codified by the General Assembly, provides: “This Act shall be known and may be cited as the ‘Purchasing Reform Act of 1996.’ ”
Ga. L. 1996, p. 885, § 2, not codified by the General Assembly, provides: “The General Assembly declares and finds that many of the laws establishing guidelines and requirements for the purchasing of supplies, materials, and equipment by and for state departments and agencies were developed decades earlier and prior to the increase in available sources of supply and the expansion of technology. It is the intent of the General Assembly that these laws be amended to reflect these changes in order to provide greater flexibility for state agencies to make their purchases and to eliminate unnecessary bureaucracy which can result in purchase delays and increased administrative costs.”
Former Code Section 50-5-77 (Ga. L. 1939, p. 160, § 9), relating to the attachment of delivery receipts and purchase orders to paid invoices, was repealed by Ga. L. 1996, p. 885, § 9, effective July 1, 1996.

Structure Georgia Code