---
title: O.C.G.A. § 12-3-317. Lease payments by authority as constituting good, valuable, and sufficient consideration.
collection: code
id: 12-3-317
cite_as: O.C.G.A. § 12-3-317 (2025)
canonical_url: https://georgiacommons.org/code/12-3-317
md_url: https://georgiacommons.org/code/12-3-317.md
text_url: https://georgiacommons.org/code/12-3-317/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=222
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.
up: https://georgiacommons.org/code/12-3.md
previous: https://georgiacommons.org/code/12-3-316.md
next: https://georgiacommons.org/code/12-3-318.md
index: https://georgiacommons.org/code/index.md
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 / LAKE LANIER ISLANDS DEVELOPMENT AUTHORITY
---

# O.C.G.A. § 12-3-317. Lease payments by authority as constituting good, valuable, and sufficient consideration.

It is found, determined, and declared that the consideration paid and given and to be paid and given to the State of Georgia by the authority for its leasehold, and privileges thereunder, is good and valuable and sufficient consideration therefor and that this action on the part of the authority and the state is in the interest of the public welfare of the State of Georgia and its citizens.

## History

Ga. L. 1962, p. 736, § 6.