---
title: O.C.G.A. § 12-3-200. Revenue bonds — Power of association to adopt resolutions providing for and to issue bonds.
collection: code
id: 12-3-200
cite_as: O.C.G.A. § 12-3-200 (2025)
canonical_url: https://georgiacommons.org/code/12-3-200
md_url: https://georgiacommons.org/code/12-3-200.md
text_url: https://georgiacommons.org/code/12-3-200/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t12-(v10)-2021-pdf.pdf?sfvrsn=67595359_0#page=146
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
license: CC0-1.0
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
up: https://georgiacommons.org/code/12-3.md
previous: https://georgiacommons.org/code/12-3-199.md
next: https://georgiacommons.org/code/12-3-201.md
index: https://georgiacommons.org/code/index.md
version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Regular Session of the General Assembly
heading_path: CONSERVATION AND NATURAL RESOURCES / PARKS, HISTORIC AREAS, MEMORIALS, AND RECREATION / MEMORIALS / STONE MOUNTAIN MEMORIAL ASSOCIATION
---

# O.C.G.A. § 12-3-200. Revenue bonds — Power of association to adopt resolutions providing for and to issue bonds.

The association, or any association, authority, or body which has succeeded or which may in the future succeed to the powers, duties, and liabilities vested in the association, shall have power and is authorized at one time, or from time to time, to issue negotiable bonds in a sum not to exceed $15 million in principal amount outstanding at any one time, for the purpose of paying all or any part of the cost of the project, including the acquisition of the property authorized by paragraph (2) of Code Section 12-3-194 to be acquired by the association, in the event funds for such acquisition do not become available under Code Section 12-3-197. The association shall also have the power to adopt all necessary and appropriate resolutions to provide for the issuance of such negotiable bonds.

## History

Ga. L. 1958, p. 61, § 10; Ga. L. 1959, p. 333, § 2; Ga. L. 1964, p. 357, § 2; Ga. L. 1967, p. 794, § 1.

## Cross References

Revenue bonds generally, § 36-82-60 et seq.