Georgia § 20-2-457 - District bonds - Tax levy to provide sinking fund to retire bonds.
Full text of Georgia Official Code of Georgia Annotated § 20-2-457 — District bonds - Tax levy to provide sinking fund to retire bonds., with citation guidance and answers to common questions.
§ 20-2-457. District bonds - Tax levy to provide sinking fund to retire bonds.
Where an election held in the manner provided in Code Sections 20-2-451 through 20-2-455 results favorably to the issue of such bonds, the county board of education or corresponding body of independent school districts, as the case may be, shall recommend, and the board of county commissioners or judge of the probate court or municipal tax levying authorities, as the case may be, shall annually levy upon the property subject to taxation in the school district in which the election was held, such tax as may be necessary to provide a sinking fund for the retirement of the bonds and for paying the principal thereof and the interest thereon, this to be in addition to the general tax for the maintenance of the schools of the district. (Ga. L. 1937, p. 869, § 5.)
Source: official Georgia text · Last verified 2026-08-27
Frequently Asked Questions About Georgia § 20-2-457
What does Official Code of Georgia Annotated § 20-2-457 cover?
Section 20-2-457 ("District bonds - Tax levy to provide sinking fund to retire bonds.") is part of the Official Code of Georgia Annotated, the codified statutory law of Georgia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Georgia § 20-2-457?
A common citation format is "Official Code of Georgia Annotated § 20-2-457" (Georgia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Georgia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Georgia official source linked on this page or consult a licensed Georgia attorney.
How does Georgia § 20-2-457 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Georgia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Georgia.