There is a newer version of the Georgia Code
2010 Georgia Code
TITLE 20 - EDUCATION
CHAPTER 3 - POSTSECONDARY EDUCATION
ARTICLE 2 - BOARD OF REGENTS AND UNIVERSITY SYSTEM
PART 2 - UNIVERSITY SYSTEM
§ 20-3-63 - Refunding state obligations held by regents -- Authority to issue bonds
O.C.G.A. 20-3-63 (2010)20-3-63. Refunding state obligations held by regents -- Authority to issue bonds
The Governor and the Office of the State Treasurer are authorized and directed to issue to the board of regents the state's obligation in the form of nonnegotiable bonds to become due 50 years from the date of issue and bearing interest at the rate of 4 1/4 percent per annum payable semiannually on January 1 and July 1 of each year in redemption of obligations of the state as provided in Code Section 20-3-64.
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