---
title: O.C.G.A. § 12-3-300. Approval of indebtedness by Georgia State Financing and Investment Commission.
collection: code
id: 12-3-300
cite_as: O.C.G.A. § 12-3-300 (2025)
canonical_url: https://georgiacommons.org/code/12-3-300
md_url: https://georgiacommons.org/code/12-3-300.md
text_url: https://georgiacommons.org/code/12-3-300/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t12-(v10)-2021-pdf.pdf?sfvrsn=67595359_0#page=212
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
license: CC0-1.0
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
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version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Regular Session of the General Assembly
heading_path: CONSERVATION AND NATURAL RESOURCES / PARKS, HISTORIC AREAS, MEMORIALS, AND RECREATION / PUBLIC AUTHORITIES / NORTH GEORGIA MOUNTAINS AUTHORITY
---

# O.C.G.A. § 12-3-300. Approval of indebtedness by Georgia State Financing and Investment Commission.

Any other provision of this part to the contrary notwithstanding, the authority shall not incur any debt of any kind, whether through contract, mortgage, or otherwise, or encumber any real or personal property in any manner unless such action has been approved in advance, in writing, by the Georgia State Financing and Investment Commission as defined by Article VII, Section IV, Paragraph VII of the Constitution and Article 2 of Chapter 17 of Title 50, the ‘‘Georgia State Financing and Investment Commission Act.’’

## History

Code 1981, § 12-3-300, enacted by Ga. L. 1993, p. 1683, § 6.