---
title: O.C.G.A. § 20-16-10. Bonds do not create a debt of the state; recitals on face of bonds.
collection: code
id: 20-16-10
cite_as: O.C.G.A. § 20-16-10 (2025)
canonical_url: https://georgiacommons.org/code/20-16-10
md_url: https://georgiacommons.org/code/20-16-10.md
text_url: https://georgiacommons.org/code/20-16-10/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t20-ch3-18-(v17a)-2025-pdf.pdf?sfvrsn=10d12596_0#page=623
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/20-16.md
previous: https://georgiacommons.org/code/20-16-9.md
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index: https://georgiacommons.org/code/index.md
version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Session of the General Assembly of Georgia
heading_path: EDUCATION / GEORGIA HIGHER EDUCATION FACILITIES AUTHORITY
---

# O.C.G.A. § 20-16-10. Bonds do not create a debt of the state; recitals on face of bonds.

Revenue bonds issued under this chapter shall not be deemed to constitute a debt of the state or a pledge of the faith and credit of the state, but such bonds shall be payable solely from the property provided for in Code Section 20-16-5; and the issuance of such revenue bonds shall not directly, indirectly, or contingently obligate the state to levy or to pledge any form of taxation whatever therefor or to make any appropriation for their payment; and all such bonds shall contain recitals on their face covering substantially the foregoing provisions of this Code section.

## History

Code 1981, § 20-16-10, enacted by Ga. L. 2006, p. 783, § 1/SB 562.