Title 36, Chapter 82, Section 123
( 36-82-123)
All provisions contained in any of the following laws which
prescribe or limit the interest rate or rates to be borne by bonds
are repealed to the extent the same are in conflict with this
article and to the extent necessary to effect the purpose of this
article by exempting any bonds issued by a municipality from all
laws of the state governing usury or prescribing or limiting
interest rates to be borne by bonds: (1) Article 3 of this chapter, the "Revenue Bond Law"; (2) Article 4 of Chapter 7 of Title 31, the "Hospital Authorities
Law"; (3) Article 1 of Chapter 3 of Title 8, the "Housing Authorities
Law"; (4) Chapter 62 of this title, the "Development Authorities Law";
and (5) Article 3 of Chapter 3 of Title 46, pertaining to the
Municipal Electric Authority of Georgia. |