§ 10-9-44 - Sale of bonds; interest rate
O.C.G.A. 10-9-44 (2010)
10-9-44. Sale of bonds; interest rate
The authority may sell the revenue bonds in such manner at public or private sale and for such price, rate of interest, and other terms as it may determine to be in the best interest of the authority. The rate of interest may be a fixed or variable rate, but if the rate is a variable rate, a maximum per annum rate of interest shall be specified in the authorizing resolution and in the validation proceeding.