Official Code of Georgia Annotated

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

20-3-64. Issuing state bonds to redeem obligations of university system; compliance with constitutional sinking fund provisions.

Active

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

For the redemption of any valid matured bond of this state presented as the property of the university system, bonds may be issued at the option of the board of regents as provided in Code Section 20-3-63; provided, however, that this Code section shall not be operative in any year until the constitutional sinking fund redemptions have been made for that year.

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.

Ga. L. 1935, p. 170, § 4.

Sinking fund for debt service, Ga. Const. 1983, Art. VII, Sec. IV, Para. III.

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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, page 84; merge action: bound only; file SHA-256 4560a0cef806.