Georgia § 20-2-458 - Local or consolidated school district bonds - Sale or exchange.
Full text of Georgia Official Code of Georgia Annotated § 20-2-458 — Local or consolidated school district bonds - Sale or exchange., with citation guidance and answers to common questions.
§ 20-2-458. Local or consolidated school district bonds - Sale or exchange.
Any refunding bonds of a local school district or consolidated school district shall, after validation, be turned over to the county board of education to be sold or exchanged as provided in this subpart, and the county board is authorized to sell or exchange such bonds under all of the regulations now provided by law for the sale of school district bonds or as provided in this subpart. When such bonds are sold by the county board, the proceeds derived therefrom shall be held in trust by the county board only for the purposes provided in this subpart. When such bonds are exchanged by the county board, which is authorized to do so, such exchange shall be in accordance with Code Section 20-2-471. (Ga. L. 1937, p. 869, § 7.) Code Commission notes. - Pursuant to Code Section 28-9-5, in 1992, a comma was deleted following "do" and a comma was inserted following "so" in the last sentence.
Source: official Georgia text · Last verified 2026-08-27
Frequently Asked Questions About Georgia § 20-2-458
What does Official Code of Georgia Annotated § 20-2-458 cover?
Section 20-2-458 ("Local or consolidated school district bonds - Sale or exchange.") 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 § 20-2-458?
A common citation format is "Official Code of Georgia Annotated § 20-2-458" (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 § 20-2-458 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.