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2020 Georgia Code
Title 46 - Public Utilities and Public Transportation
Chapter 3 - Electrical Service
Article 3 - Municipal Electric Authority of Georgia
§ 46-3-139. Interest on Bonds
Universal Citation: GA Code § 46-3-139 (2020)
Interest shall cease to accrue on any bond on the date that such bond becomes due for payment if said payment is made or duly provided for, but liability for such bond and for the accrued interest thereon shall continue until such bond is 20 years overdue for payment. At that time, unless demand for payment has been made, such obligation shall be extinguished and shall be deemed no longer outstanding.
(Ga. L. 1975, p. 107, § 11.)
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