Section 36-82-221. Sponsoring governmental unit requirement

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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.

                    
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