Title 12. CONSERVATION AND NATURAL RESOURCES · Chapter 3. PARKS, HISTORIC AREAS, MEMORIALS, AND RECREATION · Article 6. MEMORIALS · Part 4. STONE MOUNTAIN MEMORIAL ASSOCIATION
12-3-209. Revenue bonds — Status as constituting debt or pledge of credit of state; effect of issuance of bonds on obligation of state to tax or make appropriations; recitals on face of bonds.
Current through: Including Acts of the 2025 Regular Session of the General Assembly.
Bonds issued under this part shall not be deemed to constitute a debt of the State of Georgia or a pledge of the credit of the state. Such bonds shall be payable solely from the fund provided for in Code Section 12-3-212; and the issuance of such bonds shall not directly, indirectly, or contingently obligate the state to levy or to pledge any form of taxation whatsoever therefor or to make any appropriation for their payment. All such bonds shall contain recitals on their face covering substantially the foregoing provisions of this Code section.
History
Ga. L. 1958, p. 61, § 19.
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Current through: Including Acts of the 2025 Regular Session of the General Assembly.
Text read from t12-(v10)-2021-pdf.pdf, Volume V10, 2021 edition, page 150; merge action: carried; file SHA-256 a1ca11f804f2.
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