Official Code of Georgia Annotated

Title 20. EDUCATION · Chapter 2. ELEMENTARY AND SECONDARY EDUCATION · Article 9. LOCAL PUBLIC SCHOOL FINANCES · Part 3. BOND ISSUES

20-2-458. Local or consolidated school district bonds — Sale or exchange.

Active

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Any refunding bonds of a local school district or consolidated school district shall, after validation, be turned over to the county board of education to be sold or exchanged as provided in this subpart, and the county board is authorized to sell or exchange such bonds under all of the regulations now provided by law for the sale of school district bonds or as provided in this subpart. When such bonds are sold by the county board, the proceeds derived therefrom shall be held in trust by the county board only for the purposes provided in this subpart. When such bonds are exchanged by the county board, which is authorized to do so, such exchange shall be in accordance with Code Section 20-2-471.

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

History

Ga. L. 1937, p. 869, § 7.

Code Commission notes

Pursuant to Code Section 28-9-5, in 1992, a comma was deleted following “do” and a comma was inserted following “so” in the last sentence.

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Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t20-ch1-2a-(v17)-2022-pdf.pdf, Volume V17, 2022 edition, pages 569 to 570; merge action: carried; file SHA-256 8daa8948bdb5.

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