---
title: O.C.G.A. § 20-2-475. Interest on bonds.
collection: code
id: 20-2-475
cite_as: O.C.G.A. § 20-2-475 (2025)
canonical_url: https://georgiacommons.org/code/20-2-475
md_url: https://georgiacommons.org/code/20-2-475.md
text_url: https://georgiacommons.org/code/20-2-475/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=576
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/20-2-474.md
next: https://georgiacommons.org/code/20-2-476.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. § 20-2-475. Interest on bonds.

The interest rate on such refunding schoolhouse bonds shall in no event exceed, but may be less than, the interest rate on the bonds for which they were issued to refund.

## History

Ga. L. 1937, p. 869, § 12.