---
title: O.C.G.A. § 20-3-64. Issuing state bonds to redeem obligations of university system; compliance with constitutional sinking fund provisions.
collection: code
id: 20-3-64
cite_as: O.C.G.A. § 20-3-64 (2025)
canonical_url: https://georgiacommons.org/code/20-3-64
md_url: https://georgiacommons.org/code/20-3-64.md
text_url: https://georgiacommons.org/code/20-3-64/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=84
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/20-3-63.md
next: https://georgiacommons.org/code/20-3-65.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. § 20-3-64. Issuing state bonds to redeem obligations of university system; compliance with constitutional sinking fund provisions.

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.

## History

Ga. L. 1935, p. 170, § 4.

## Cross References

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