Georgia Statutes
§ 20-2-473 — Limitations on issue and use of bonds and proceeds
Georgia·Title 20
The proceeds derived from the sale of any refunding schoolhouse bonds issued under the authority of this subpart shall be applied exclusively to the purposes provided in Code Sections 20-2-450 through 20-2-472 . None of such refunding bonds shall be exchanged except for outstanding bonds for which they were issued to retire. In no event shall the refunding schoolhouse bonds so issued exceed in amount the previously existing total schoolhouse bond debt of the district issuing such bonds with interest thereon.
Free access — add to your briefcase to read the full text and ask questions with AI
Georgia § 20-2-473 (Limitations on issue and use of bonds and proceeds) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Nearby Sections
15
§ 20-1-1
Acceptance and adoption of annuity contracts of teachers hired from other Georgia school systems§ 20-1-14
Short title§ 20-1-15
Definitions§ 20-1-20
Short title§ 20-1-21
Legislative findings and intent§ 20-1-22
Definitions