---
title: O.C.G.A. § 20-2-391. Loan resolution.
collection: code
id: 20-2-391
cite_as: O.C.G.A. § 20-2-391 (2025)
canonical_url: https://georgiacommons.org/code/20-2-391
md_url: https://georgiacommons.org/code/20-2-391.md
text_url: https://georgiacommons.org/code/20-2-391/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t20-ch1-2a-(v17)-2022-pdf.pdf?sfvrsn=9db936c6_0#page=546
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/20-2.md
previous: https://georgiacommons.org/code/20-2-390.md
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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: EDUCATION / ELEMENTARY AND SECONDARY EDUCATION / LOCAL PUBLIC SCHOOL FINANCES / BORROWING FOR OPERATING EXPENSES
---

# O.C.G.A. § 20-2-391. Loan resolution.

In order for any county board of education to borrow money for the purposes stated in Code Section 20-2-390, there shall be passed by the county board a resolution authorizing the money to be borrowed, in which resolution shall be stated the amount of money to be borrowed, the length of time it is to be used, the rate of interest to be paid, for what purpose borrowed, and from whom it is to be borrowed, which resolution shall be recorded on the minutes of the meetings of the county board by the county school superintendent.

## History

Ga. L. 1919, p. 288, § 96; Code 1933, § 32-922.