Georgia § 32-10-92 - Bonds authorized by resolution; specification of terms; public or private sale.
Full text of Georgia Official Code of Georgia Annotated § 32-10-92 — Bonds authorized by resolution; specification of terms; public or private sale., with citation guidance and answers to common questions.
§ 32-10-92. Bonds authorized by resolution; specification of terms; public or private sale.
Bonds issued by the authority shall be authorized by resolution of the authority, be in such denominations, bear such date or dates, and mature at such time or times within 40 years from the issuance thereof as the authority determines to be appropriate. Such bonds shall be subject to such terms of redemption, bear interest at such rate or rates payable at such times, be in registered form or book-entry form through a securities depository, or both, as to principal or interest or both principal and interest, carry such registration privileges, be executed in such manner, be payable in such medium of payment at such place or places, and be subject to such terms and conditions as such resolution of the authority may provide; provided, however, in lieu of specifying the rate or rates of interest which the bonds to be issued by an authority are to bear, the resolution of the authority may provide that the bonds when issued will bear interest at a rate not exceeding a maximum per annum rate of interest which may be fixed or may fluctuate or otherwise change from time to time as specified in the resolution or may state that, in the event the bonds are to bear different rates of interest for different maturity dates, none of such rates will exceed the maximum rate, which rate may be fixed or may fluctuate or otherwise change from time to time, as specified. Bonds may be sold at public or private sale for such price or prices as the authority shall determine. (Ga. L. 1953, Jan.-Feb. Sess., p. 302, § 14; Code 1933, § 95A-1251, enacted by Ga. L. 1973, p. 947, § 1; Ga. L. 1985, p. 149, § 32; Ga. L. 2001, p. 1251, § 1-13.)
Source: official Georgia text · Last verified 2026-08-27
Frequently Asked Questions About Georgia § 32-10-92
What does Official Code of Georgia Annotated § 32-10-92 cover?
Section 32-10-92 ("Bonds authorized by resolution; specification of terms; public or private sale.") 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 § 32-10-92?
A common citation format is "Official Code of Georgia Annotated § 32-10-92" (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 § 32-10-92 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.