---
title: O.C.G.A. § 20-3-157. Bonds negotiable; exemption of bonds from taxation.
collection: code
id: 20-3-157
cite_as: O.C.G.A. § 20-3-157 (2025)
canonical_url: https://georgiacommons.org/code/20-3-157
md_url: https://georgiacommons.org/code/20-3-157.md
text_url: https://georgiacommons.org/code/20-3-157/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t20-ch3-18-(v17a)-2025-pdf.pdf?sfvrsn=10d12596_0#page=117
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.
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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 Session of the General Assembly of Georgia
heading_path: EDUCATION / POSTSECONDARY EDUCATION / GEORGIA EDUCATION AUTHORITY (UNIVERSITY)
---

# O.C.G.A. § 20-3-157. Bonds negotiable; exemption of bonds from taxation.

All revenue bonds issued under this article shall have all the qualities and incidents of negotiable instruments under Article 8 of Title 11. Such bonds and the income thereof shall be exempt from all taxation within the state.

## History

Ga. L. 1949, p. 1009, § 8.