O.C.G.A.

O.C.G.A. § 20-2-396 (2019)

Use of borrowed money

✓ O.C.G.A. — 2019 edition (Public.Resource.Org Release 73)

Code text and O.C.G.A. statutory annotations on this page reflect the 2019 Official Code of Georgia Annotated (Public.Resource.Org Release 73, 2019-08-21; public domain per Georgia v. Public.Resource.Org, 2020). The Syfert case-law annotations in Notes of Decisions, below, are current.

Find cases: SyfertCases citing this section GA-LEGlegis.ga.gov (official) JustiaJustia CornellLII Search CasesGoogle Scholar

When any money shall be borrowed under this part, it shall be paid over to the county school superintendent and become a part of the public school fund of the county. The superintendent shall be responsible for any money borrowed and received under the authority of this part in the same way and to the same extent that he is responsible for any other public schools funds.

History

Ga. L. 1919, p. 288, § 101; Code 1933, § 32-927; Ga. L. 1964, p. 169, § 1.

Annotations

JUDICIAL DECISIONS Editor’s notes. - In light of the similarity of the statutory provisions, a decision under former Code 1910, § 1551(108), which was subsequently repealed but was succeeded by provisions in this Code section, is included in the annotations for this Code section.

County superintendent is the responsible disbursing officer of borrowed funds. Ferguson v. Smith, 27 Ga. App. 806, 110 S.E. 42, 1921 Ga. App. LEXIS 443 (1921) (decided under former Code 1910, § 1551(108)).

RESEARCH REFERENCES Am. Jur. 2d. 63C Am. Jur. 2d, Public Officers and Employees, §§ 263, 346. 68 Am. Jur. 2d, Schools, § 115. C.J.S. 78 C.J.S., Schools and School Districts, § 144. 78A C.J.S., Schools and School Districts, § 726.

ALR. Particular purposes within contemplation of statute authorizing issuance of bonds or use of funds by school district for specified purposes, 124 A.L.R. 883.

T.20, C.2, A.9, P.2

PART 2 RECEIPT AND DISBURSEMENT OF FUNDS