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2018 Georgia Code 36-82-8 | Car Wreck Lawyer

Link to State of Georgia Official Statute 2018 Georgia Code Annotated (sourced from legal.resource.org)

O.C.G.A. 36-82-8 Case Law from Google Scholar Amendments to OCGA 36-82-8

TITLE 36 LOCAL GOVERNMENT

Chapter 82 information not found

ARTICLE 1 GENERAL PROVISIONS

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.

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

RESEARCH REFERENCES

Am. Jur. 2d.

- 64 Am. Jur. 2d, Public Securities and Obligations, §§ 5, 6.

C.J.S.

- 64A C.J.S., Municipal Corporations, § 2184 et seq.

ALR.

- Liability of officer for loss of sinking fund through failure of bank, 25 A.L.R. 1358.

Constitutional provisions against impairment of obligations of contract as applied to sinking funds for retirement of municipal or other public bonds, 115 A.L.R. 220.

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