---
title: O.C.G.A. § 20-3-210. Interest of bondholders protected.
collection: code
id: 20-3-210
cite_as: O.C.G.A. § 20-3-210 (2025)
canonical_url: https://georgiacommons.org/code/20-3-210
md_url: https://georgiacommons.org/code/20-3-210.md
text_url: https://georgiacommons.org/code/20-3-210/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=142
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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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 / PRIVATE COLLEGES AND UNIVERSITIES AUTHORITY
---

# O.C.G.A. § 20-3-210. Interest of bondholders protected.

While any of the revenue bonds issued by the authority remain outstanding, the powers, duties, or existence of the authority or of any of its officers shall not be diminished or impaired in any manner that will affect adversely the interest and rights of the holders of such revenue bonds. This article shall be for the benefit of the state, the authority, and the holders of any such revenue bonds and, upon the issuance of the revenue bonds as provided in this article, such provisions shall constitute a contract with the holders of such revenue bonds. The provisions of any bond resolution, indenture, or trust agreement shall be a contract with every holder of such revenue bonds; and the duties of the authority under any such bond resolution, indenture, or trust agreement shall be enforceable by any bondholder by mandamus or other appropriate action or proceeding at law or in equity.

## History

Ga. L. 1978, p. 1765, § 12; repealed by Ga. L. 2019, p. 919, § 7-1/HB 553, effective July 1, 2019; reenacted by Ga. L. 2024, p. 120, § 3-1/HB 985, effective June 30, 2024.