Georgia § 36-44-20 - Requirement of insufficiency.
Full text of Georgia Official Code of Georgia Annotated § 36-44-20 — Requirement of insufficiency., with citation guidance and answers to common questions.
§ 36-44-20. Requirement of insufficiency.
Notwithstanding any other provisions of this chapter, a local legislative body may use, pledge, or otherwise obligate its general funds for payment or security for payment of tax allocation bonds issued or incurred under this chapter but only if those general funds are derived from a designated tax allocation district and used for payment or security for payment of tax allocation bonds issued or incurred under this chapter for redevelopment of that district and only to the extent that positive tax increments or lease or other contract payments in that district's special fund are insufficient at any time to pay principal and interest due on such bonds. The requirement of insufficiency provided for in subsection (a) of this Code section may be satisfied by adoption of a resolution of the local legislative body finding that positive tax increments or lease or other contract payments in the district's special fund will be insufficient to pay principal and interest on bonds to be issued to finance redevelopment costs for the redevelopment described in the redevelopment plan. (Code 1981, § 36-44-20 , enacted by Ga. L. 2009, p. 158, § 2/HB 63.)
Source: official Georgia text · Last verified 2026-08-27
Frequently Asked Questions About Georgia § 36-44-20
What does Official Code of Georgia Annotated § 36-44-20 cover?
Section 36-44-20 ("Requirement of insufficiency.") 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 § 36-44-20?
A common citation format is "Official Code of Georgia Annotated § 36-44-20" (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 § 36-44-20 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.