---
title: O.C.G.A. § 20-3-63. Refunding state obligations held by board of regents; authority to issue bonds.
collection: code
id: 20-3-63
cite_as: O.C.G.A. § 20-3-63 (2025)
canonical_url: https://georgiacommons.org/code/20-3-63
md_url: https://georgiacommons.org/code/20-3-63.md
text_url: https://georgiacommons.org/code/20-3-63/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=83
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/20-3.md
previous: https://georgiacommons.org/code/20-3-62.md
next: https://georgiacommons.org/code/20-3-64.md
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 / BOARD OF REGENTS AND UNIVERSITY SYSTEM / UNIVERSITY SYSTEM
---

# O.C.G.A. § 20-3-63. Refunding state obligations held by board of regents; authority to issue bonds.

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.

## 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.