TITLE 36 LOCAL GOVERNMENT

Chapter 82 information not found

ARTICLE 9 TRUSTS

36-82-221. Sponsoring governmental unit requirement.

No local authority shall issue or be a grantor of a trust which issues any obligations to finance or refinance any real or personal property to be owned, leased, or operated by any governmental unit which is not a sponsoring governmental unit of such local authority.

(Code 1981, §36-82-221, enacted by Ga. L. 1997, p. 584, § 1.)