The interest rate on such refunding schoolhouse bonds shall in no event exceed, but may be less than, the interest rate on the bonds for which they were issued to refund.
History. Ga. L. 1937, p. 869, § 12.
Structure Georgia Code
Chapter 2 - Elementary and Secondary Education
Article 9 - Local Public School Finances
§ 20-2-450. Subpart to Govern Refunding, Retiring, or Refinancing Outstanding District Bonds
§ 20-2-457. District Bonds — Tax Levy to Provide Sinking Fund to Retire Bonds
§ 20-2-458. Local or Consolidated School District Bonds — Sale or Exchange
§ 20-2-459. Independent School District Bonds — Sale or Exchange
§ 20-2-462. County-Wide Bonds — Powers of Counties as to Refunding, Refinancing, or Retiring
§ 20-2-464. County-Wide Bond Elections — Notice
§ 20-2-465. County-Wide Bond Elections — Eligible Voters; Conduct of Election; Declaration of Result
§ 20-2-466. County-Wide Bonds — Vote Required to Approve; Issuance, Sale, or Exchange
§ 20-2-467. County-Wide Bonds — Handling and Use of Proceeds
§ 20-2-468. County-Wide Bonds — Tax Levy to Provide Sinking Fund to Retire Bonds
§ 20-2-470. Validation of Bonds
§ 20-2-471. Exchange or Sale of Bonds; Use of Proceeds
§ 20-2-472. Establishment of Sinking Fund for Unsurrendered Bonds
§ 20-2-473. Limitations on Issue and Use of Bonds and Proceeds
§ 20-2-474. Powers and Duties of Officials as to Bonds, Taxes, and Sinking Funds
§ 20-2-476. When SubPart Applicable to Independent School Districts
§ 20-2-477. Construction of SubPart Against Impairment of Outstanding Bonds