---
title: O.C.G.A. § 36-80-14. Annual sinking fund for unbonded debt.
collection: code
id: 36-80-14
cite_as: O.C.G.A. § 36-80-14 (2025)
canonical_url: https://georgiacommons.org/code/36-80-14
md_url: https://georgiacommons.org/code/36-80-14.md
text_url: https://georgiacommons.org/code/36-80-14/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t36-ch60-92-(v27a)-2025-pdf.pdf?sfvrsn=1fad51cc_0#page=399
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/36-80.md
previous: https://georgiacommons.org/code/36-80-13.md
next: https://georgiacommons.org/code/36-80-15.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: LOCAL GOVERNMENT / Provisions Applicable to Counties, Municipal Corporations, and Other Governmental Entities / GENERAL PROVISIONS
---

# O.C.G.A. § 36-80-14. Annual sinking fund for unbonded debt.

Any county, municipality, or political subdivision of this state which incurs an indebtedness under Code Sections 36-80-10 through 36-80-13 and this Code section shall, on or before so doing, or annually thereafter, provide, without incurring further debt thereby, an annual sum sufficient in amount to pay the principal and interest of the debt within 30 years from the date of the incurring of the indebtedness.

## History

Ga. L. 1904, p. 85, § 5; Civil Code 1910, § 467; Code 1933, § 87-605; Ga. L. 1993, p. 91, § 36.