Official Code of Georgia Annotated

Title 20. EDUCATION · Chapter 3. POSTSECONDARY EDUCATION · Article 2. BOARD OF REGENTS AND UNIVERSITY SYSTEM · Part 2. UNIVERSITY SYSTEM

20-3-63. Refunding state obligations held by board of regents; authority to issue bonds.

Active

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

The Governor and the Office of the State Treasurer are authorized and directed to issue to the board of regents the state’s obligation in the form of nonnegotiable bonds to become due 50 years from the date of issue and bearing interest at the rate of 4 1/4 percent per annum payable semiannually on January 1 and July 1 of each year in redemption of obligations of the state as provided in Code Section 20-3-64.

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. 1898, p. 68, § 1; Civil Code 1910, § 1395; Ga. L. 1931, p. 7, § 48; Code 1933, § 32-134; Ga. L. 1935, p. 170, § 1; Ga. L. 1972, p. 1015, § 408B; Ga. L. 1993, p. 1402, § 18; Ga. L. 2010, p. 863, § 2/SB 296.

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

Text read from t20-ch3-18-(v17a)-2025-pdf.pdf, Volume V17A, 2025 edition, pages 83 to 84; merge action: bound only; file SHA-256 4560a0cef806.

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