---
title: O.C.G.A. § 20-3-170. Tax exemption of authority’s property, activities, charges, and bonds.
collection: code
id: 20-3-170
cite_as: O.C.G.A. § 20-3-170 (2025)
canonical_url: https://georgiacommons.org/code/20-3-170
md_url: https://georgiacommons.org/code/20-3-170.md
text_url: https://georgiacommons.org/code/20-3-170/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=124
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/20-3.md
previous: https://georgiacommons.org/code/20-3-169.md
next: https://georgiacommons.org/code/20-3-171.md
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 / POSTSECONDARY EDUCATION / GEORGIA EDUCATION AUTHORITY (UNIVERSITY)
---

# O.C.G.A. § 20-3-170. Tax exemption of authority’s property, activities, charges, and bonds.

The creation of the authority and the carrying out of its corporate purpose is in all respects for the benefit of the people of this state and is a public purpose, and the authority will be performing an essential governmental function in the exercise of the power conferred upon it by this article; and this state covenants with the holders of the bonds that the authority shall be required to pay no taxes or assessments upon any of the property acquired or leased by it or under its jurisdiction, control, possession, or supervision or upon its activities in the operation or maintenance of the buildings erected or acquired by it or any fees, rentals, or other charges for the use of such buildings or other income received by the authority, and that the bonds of the authority, their transfer, and the income therefrom shall at all times be exempt from taxation within the state.

## History

Ga. L. 1949, p. 1009, § 21.