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O.C.G.A. § 20-3-64 — Issuing state bonds to redeem obligations of university system - Option of regents; compliance with constitutional sinking fund provisions | Georgia Code

O.C.G.A. § 20-3-64 (2018) Copy Cite Official Site Syfertize CourtListener Scholar Amendments

TITLE 20 EDUCATION

Section 3. Postsecondary Education, 20-3-1 through 20-3-660.

ARTICLE 2 BOARD OF REGENTS AND UNIVERSITY SYSTEM

20-3-64. Issuing state bonds to redeem obligations of university system - Option of regents; 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.

(Ga. L. 1935, p. 170, § 4.)

Cross references.

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

RESEARCH REFERENCES

Am. Jur. 2d.

- 64 Am. Jur. 2d, Public Securities and Obligations, § 110.

C.J.S.

- 14A C.J.S., Colleges and Universities, § 6 et seq.

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This Georgia Code resource is curated by this site's author, a personal injury and workers' compensation attorney admitted in Georgia (State Bar of Georgia No. 881027, since 2006) and Florida. For legal consultation, call 904-383-7448.