Georgia § 20-2-555 - Authority to issue revenue bonds; terms.
Full text of Georgia Official Code of Georgia Annotated § 20-2-555 — Authority to issue revenue bonds; terms., with citation guidance and answers to common questions.
§ 20-2-555. Authority to issue revenue bonds; terms.
The authority, or any authority or body which has or which may in the future succeed to the powers, duties, and liabilities vested in the authority created by this part, shall have power, at one time or from time to time, to provide by resolution for the issuance of negotiable revenue bonds in an unlimited amount for the purpose of paying all or any part of the cost, as defined in paragraph (3) of subsection (a) of Code Section 20-2-551, of any one project or combination of projects. The principal and interest, if any, of such revenue bonds shall be payable solely from the special fund provided in this part for such payment. The bonds of each issue shall be dated; shall bear interest, if any, at such rate or rates, payable on a date or dates certain; shall mature at such time or times not exceeding 30 years from their date or dates; shall be payable in such medium of payment as to both principal and interest as may be determined by the authority; and may be made redeemable before maturity, at the option of the authority, at such price or prices and under such terms and conditions as may be fixed by the authority in the resolution provided for the issuance of the bonds. (Ga. L. 1951, p. 241, § 5; Ga. L. 1960, p. 775, § 1; Ga. L. 2010, p. 1001, § 4/HB 936.) Cross references. - Revenue bonds generally, § 36-82-60 et seq.
Source: official Georgia text · Last verified 2026-08-27
Frequently Asked Questions About Georgia § 20-2-555
What does Official Code of Georgia Annotated § 20-2-555 cover?
Section 20-2-555 ("Authority to issue revenue bonds; terms.") 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 § 20-2-555?
A common citation format is "Official Code of Georgia Annotated § 20-2-555" (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 § 20-2-555 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.