Georgia § 2-8A-6 - Application for interest loan; maximum amount; maximum rate of interest; security.
Full text of Georgia Official Code of Georgia Annotated § 2-8A-6 — Application for interest loan; maximum amount; maximum rate of interest; security., with citation guidance and answers to common questions.
§ 2-8A-6. Application for interest loan; maximum amount; maximum rate of interest; security.
Any lender which has made or makes a loan to a farmer to finance the costs of production of an emerging crop on land in Georgia may make application to the Georgia Development Authority for an interest loan to pay interest on the loan during the period from the beginning of production to harvest or initial sale of the product, which payment shall be made from the fund. The maximum amount of interest loans from the fund for the benefit of any one farmer shall be $50,000.00; provided, however, that the Georgia Development Authority in administering the fund shall give priority to smaller interest loans. During the period that the Georgia Development Authority pays the interest on a loan from the fund, the maximum rate of interest which may be charged on the loan by the lender shall be as established from time to time by the Georgia Development Authority. By payment of the interest on a loan, neither the Georgia Development Authority nor the State of Georgia shall be a guarantor of the loan. The Georgia Development Authority shall, by rule or regulation, require such security or lien as may be necessary to provide adequate security for the authority as condition for making an interest loan as authorized by this chapter. (Code 1981, § 2-8A-6 , enacted by Ga. L. 1990, p. 1696, § 1; Ga. L. 2013, p. 671, § 1/SB 91.)
Source: official Georgia text · Last verified 2026-08-27
Frequently Asked Questions About Georgia § 2-8A-6
What does Official Code of Georgia Annotated § 2-8A-6 cover?
Section 2-8A-6 ("Application for interest loan; maximum amount; maximum rate of interest; security.") is part of the Official Code of Georgia Annotated, the codified statutory law of Georgia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Georgia § 2-8A-6?
A common citation format is "Official Code of Georgia Annotated § 2-8A-6" (Georgia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Georgia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Georgia official source linked on this page or consult a licensed Georgia attorney.
How does Georgia § 2-8A-6 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Georgia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Georgia.