The proceeds derived from the sale of any refunding schoolhouse bonds issued under the authority of this subpart shall be applied exclusively to the purposes provided in Code Sections 20-2-450 through 20-2-472. None of such refunding bonds shall be exchanged except for outstanding bonds for which they were issued to retire. In no event shall the refunding schoolhouse bonds so issued exceed in amount the previously existing total schoolhouse bond debt of the district issuing such bonds with interest thereon.
Section: Previous 20-2-464 20-2-465 20-2-466 20-2-467 20-2-468 20-2-469 20-2-470 20-2-471 20-2-472 20-2-473 20-2-474 20-2-475 20-2-476 20-2-477 NextLast modified: October 14, 2016