Any county, municipality, or political subdivision of this state which incurs an indebtedness under Code Sections 36-80-10 through 36-80-13 and this Code section shall, on or before so doing, or annually thereafter, provide, without incurring further debt thereby, an annual sum sufficient in amount to pay the principal and interest of the debt within 30 years from the date of the incurring of the indebtedness.
History. Ga. L. 1904, p. 85, § 5; Civil Code 1910, § 467; Code 1933, § 87-605; Ga. L. 1993, p. 91, § 36.
Structure Georgia Code
Chapter 80 - General Provisions
§ 36-80-3. Authorized Investments of Funds by Governing Bodies
§ 36-80-4. Delegation of Governing Body’s Investment Authority to Financial Officer
§ 36-80-5. Relief From or Composition of Debts Under Federal Statute Prohibited
§ 36-80-7. Execution of Contracts, Plans, and Documents for Consolidated Programs
§ 36-80-8. Establishment of Area Offices for Consolidated Programs
§ 36-80-10. Election for Unbonded Debt — Requirement and Procedure
§ 36-80-11. Notice of Election for Unbonded Debt
§ 36-80-12. Voting in Election for Unbonded Debt; Returns and Declaration of Election Result
§ 36-80-13. Authorization to Incur Unbonded Debt Following Favorable Vote
§ 36-80-14. Annual Sinking Fund for Unbonded Debt
§ 36-80-16. Local Government Authorities Registration
§ 36-80-16.1. Pilot Restriction; Payments in Lieu of Taxes Defined; Financing Capital Projects
§ 36-80-17. Authorization to Contract for Utility Services; Conditions and Limitations
§ 36-80-21. Definitions; Electronic Transmission of Budgets
§ 36-80-22. Definitions; Restrictions; Requirements
§ 36-80-25. Financing of Public Projects by Local Entities
§ 36-80-26. Multi-County Community Improvement Districts for Transit Projects