---
title: O.C.G.A. § 36-82-8. Deduction of sinking fund in computing bonded indebtedness.
collection: code
id: 36-82-8
cite_as: O.C.G.A. § 36-82-8 (2025)
canonical_url: https://georgiacommons.org/code/36-82-8
md_url: https://georgiacommons.org/code/36-82-8.md
text_url: https://georgiacommons.org/code/36-82-8/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=468
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/36-82.md
previous: https://georgiacommons.org/code/36-82-7.1.md
next: https://georgiacommons.org/code/36-82-9.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 / BONDS / GENERAL PROVISIONS
---

# O.C.G.A. § 36-82-8. Deduction of sinking fund in computing bonded indebtedness.

All amounts collected and held in a sinking fund pursuant to Article IX, Section V, Paragraph VI of the Constitution of Georgia, irrevocably pledged and appropriated to the retirement of the outstanding bonded indebtedness for which they are collected, which can be legally used for no other purpose, shall be deductible from total bonded debt in computing the constitutional limitation on the bonded indebtedness of a political subdivision of this state under Article IX, Section VII of the Constitution of Georgia.

## History

Ga. L. 1958, p. 203, § 1; Ga. L. 1983, p. 3, § 57.