---
title: O.C.G.A. § 32-10-39. Effect of bond issuance on state debt; recitals on face of bonds regarding such effect.
collection: code
id: 32-10-39
cite_as: O.C.G.A. § 32-10-39 (2025)
canonical_url: https://georgiacommons.org/code/32-10-39
md_url: https://georgiacommons.org/code/32-10-39.md
text_url: https://georgiacommons.org/code/32-10-39/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t32-(v23a)-2019-pdf.pdf?sfvrsn=b4b1408c_0#page=430
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/32-10.md
previous: https://georgiacommons.org/code/32-10-38.md
next: https://georgiacommons.org/code/32-10-40.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: HIGHWAYS, BRIDGES, AND FERRIES / PUBLIC AUTHORITIES / GEORGIA HIGHWAY AUTHORITY / REVENUE BONDS
---

# O.C.G.A. § 32-10-39. Effect of bond issuance on state debt; recitals on face of bonds regarding such effect.

Bonds issued under this article shall not be deemed to constitute a debt of the State of Georgia or a pledge of the credit of the state, but such bonds shall be payable solely from the fund provided for in Code Section 32-10-42; 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 the payment; and all such bonds shall contain recitals on their face covering substantially the foregoing provisions of this Code section.

## History

Ga. L. 1953, Jan.-Feb. Sess., p. 626, § 23; Ga. L. 1955, p. 124, § 24; Ga. L. 1967, p. 385, § 23; Code 1933, § 95A-1223, enacted by Ga. L. 1973, p. 947, § 1.