---
title: O.C.G.A. § 20-2-450. Subpart to govern refunding, retiring, or refinancing outstanding district bonds.
collection: code
id: 20-2-450
cite_as: O.C.G.A. § 20-2-450 (2025)
canonical_url: https://georgiacommons.org/code/20-2-450
md_url: https://georgiacommons.org/code/20-2-450.md
text_url: https://georgiacommons.org/code/20-2-450/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=566
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/20-2-438.md
next: https://georgiacommons.org/code/20-2-451.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: EDUCATION / ELEMENTARY AND SECONDARY EDUCATION / LOCAL PUBLIC SCHOOL FINANCES / BOND ISSUES / Refunding Bonds
---

# O.C.G.A. § 20-2-450. Subpart to govern refunding, retiring, or refinancing outstanding district bonds.

Where any school district or consolidated school district or any independent school district, in cases provided in this subpart, has outstanding schoolhouse bonds or shall hereafter issue, in accordance with the laws of this state, any such bonds, and it becomes necessary or advisable to refund, retire, or refinance such bonds, the refunding, retirement, or refinancing shall be done in accordance with the procedure and in the manner provided in this subpart.

## History

Ga. L. 1937, p. 869, § 1.