---
title: O.C.G.A. § 46-4-109. Interest on bonds after due date.
collection: code
id: 46-4-109
cite_as: O.C.G.A. § 46-4-109 (2025)
canonical_url: https://georgiacommons.org/code/46-4-109
md_url: https://georgiacommons.org/code/46-4-109.md
text_url: https://georgiacommons.org/code/46-4-109/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t46-(v34)-2025-pdf.pdf?sfvrsn=48adb3c4_0#page=435
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.
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version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Session of the General Assembly of Georgia
heading_path: PUBLIC UTILITIES AND PUBLIC TRANSPORTATION / DISTRIBUTION, STORAGE, AND SALE OF GAS / MUNICIPAL GAS AUTHORITY OF GEORGIA
---

# O.C.G.A. § 46-4-109. Interest on bonds after due date.

Interest shall cease to accrue on any bond on the date that such bond becomes due for payment if said payment is made or duly provided for, but liability for such bond and for the accrued interest thereon shall continue until such bond is 20 years overdue for payment. At that time, unless demand for payment has been made, such obligation shall be extinguished and shall be deemed no longer outstanding.

## History

Code 1981, § 46-4-109, enacted by Ga. L. 1987, p. 745, § 1.