§ 38-34. Sale of bonds; price.  


Latest version.
  • The authority may sell such bonds in such manner and for such price as it may determine to be for the best interest of the authority, but no such sale shall be made at a price so low as to require the payment of interest on the money received therefor at a greater rate than the interest allowed by the Revenue Bond Law as now provided or may hereafter be provided by amendment thereto, computed with relation to the absolute maturity of the bonds in accordance with standard tables of bond values, excluding, however, from such computation the amount of any premium to be paid on redemption of any bond prior to maturity.

(1951 Ga. Laws (Act No. 319), page 497, § 9; 1968 Ga. Laws (Act No. 1179), page 3533, § 2)