O.C.G.A.
O.C.G.A. § 20-3-64 (2019)
Issuing state bonds to redeem obligations of university system - Option of regents; compliance with constitutional sinking fund provisions
✓ 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.
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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.
History
(Ga. L. 1935, p. 170, § 4.)
Annotations
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.