Georgia Demand Bond

State:
Multi-State
Control #:
US-00415BG
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Word; 
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Description

A Bond is a document with which one party promises to pay another within a specified amount of time. The term "demand" means that the principal plus any interest is due on demand by the bondholder rather than on a specific date. Bonds are used for many things, including borrowing money or guaranteeing payment of money. A bond can be given to secure performance of particular obligations, including the payment of money, or for purposes of indemnification. The validity of a "private" bond, payable upon demand, is determined by the same principles applicable to contracts generally. The purpose of the bond must not be contrary to public policy; it must be supported by a valuable consideration; and there must be a clear designation of the obligor and the obligee. A bond procured through fraud or duress may be unenforceable, but mistake on the part of the obligor as to the contents of a bond, or its legal effect, is not a defense to enforcement of the bond.

A Georgia Demand Bond is a type of financial instrument that is issued by the state of Georgia and is designed to meet the financial needs of various projects undertaken by the government. It serves as a means of financing public infrastructure projects, such as highways, schools, hospitals, and other public facilities. The Georgia Demand Bond is generally a tax-exempt municipal bond, meaning that the interest income earned by investors is not subject to federal income tax. This feature makes it an attractive investment option for individuals looking for tax-efficient investments. There are different types of Georgia Demand Bonds, each serving a specific purpose: 1. General Obligation Bonds: These bonds are backed by the full faith and credit of the state of Georgia. They are usually used for general purposes and are secured by the state's taxing power. General Obligation Bonds are considered to be the safest type of bonds as they have a high credit rating. 2. Revenue Bonds: These bonds are issued to finance specific projects that generate revenue, such as toll roads, airports, or utilities. The interest and principal payments of Revenue Bonds are supported by the revenue generated by the project they are financing. 3. Transportation Bonds: Georgia Transportation Bonds are issued to fund transportation-related projects, including the construction and maintenance of highways, bridges, and other transportation infrastructure. These bonds are backed by dedicated transportation revenue sources, such as gasoline taxes or toll fees. 4. Education Bonds: Education Bonds are issued to finance projects related to education infrastructure, such as the construction or renovation of schools and colleges. The interest and principal payments of these bonds are typically supported by the state's education budget. Investing in Georgia Demand Bonds can provide investors with a stable income stream, while also supporting the development and improvement of public infrastructure in the state. Before investing, it is important to research the specific bond offering, assess the creditworthiness of the issuer, and evaluate the risks associated with the investment. It is recommended to consult with a financial advisor who can provide personalized advice based on individual financial goals and risk tolerance.

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FAQ

In Georgia, authorities can keep defendants in jail for up to seventy-two hours before they formally charge them with criminal violations. For warrantless arrests, the law only allows forty-eight hours. These times don't include weekends or legal holidays.

In Georgia, the court has 2 years to file an accusation in a misdemeanor case and 4 years to indict a felony but once accused or indicted, the statute of limitations does not apply. Constitutional speedy demand is based on case law and the 6th amendment.

Any person who is arrested for a crime and who is refused bail shall, within 90 days after the date of confinement, be entitled to have the charge against him or her heard by a grand jury having jurisdiction over the accused person; provided, however, that if the person is arrested for a crime for which the death ...

In Georgia, detained persons are entitled to a bond hearing within 72 hours of the arrest (not including weekends and holidays.) During the bond hearing, the judge decides if the defendant should be detained or released pending trial.

How much does a Georgia contractor bond cost? TermBond AmountCost* (Annual Premium)1 Year$25,000$1252 Years$25,000$2503 Years$25,000$375

? Georgia law says defendants held in custody must be indicted within 90 days. If they aren't, they're automatically owed bond. But in cases involving charges ranging from drug trafficking to aggravated assault, Fulton County prosecutors have repeatedly missed that deadline.

You should be able to receive a bond almost immediately. If you're charged with a felony in Georgia, it may take a little longer because some of those charges, those bonds have to be set by a superior court judge.

Surety bonds basically have a statute of repose, or expiration date. For misdemeanors, this is one year; and for felonies, it is two years. If the charges are not tried within that time period, then any judgment on the bond is not enforceable and the surety is released from liability.

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Must be completed in the same name as the name shown on Form MV-46 Certificate of Title Bond. · The signature on this form must be notarized. Licensees and applicants for a money transmitter license must have and maintain a surety bond in a form and terms acceptable and payable to the Department.Sep 28, 2018 — The bond must be from an “insurer licensed under the Insurance Act to write ... a demand-worded holdback repayment bond in the prescribed form. How to Get Your Georgia Nonresident Contractor Performance Tax Bond. Complete an online application. It's free and no-obligation. One of our surety experts will ... Mar 12, 2013 — An ondemand security bond is an unconditional obligation to pay when a demand has been made. A surety bond or performance guarantee requires ... Get your $25000 Georgia contractor license bond for a flat rate of $125. Complete the application and get bonded today. The following documents must be submitted to apply for a title bond: An application for a Georgia Certificate of Title. A surety/title bond accompanied by a ... On or before March 1 in each year, the contractor shall report and register all contracts of $10,000.00 or more completed during the previous calendar year and ... How to Get a Bid Bond. Find the Right Agent; Complete a Contractor's Questionnaire; Complete a Bond Request Form; Prepare Your Financial Statements ... Filing Fees · Initial Application - $20.00 non-refundable application fee, as well as a $25.00 non-refundable service fee ($45.00 total) · Application/Request for ...

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Georgia Demand Bond