---
title: O.C.G.A. § 36-41-9. Pledge of assets for payment of bonds.
collection: code
id: 36-41-9
cite_as: O.C.G.A. § 36-41-9 (2025)
canonical_url: https://georgiacommons.org/code/36-41-9
md_url: https://georgiacommons.org/code/36-41-9.md
text_url: https://georgiacommons.org/code/36-41-9/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t35-t36-ch1-59-(v27)-2025-pdf.pdf?sfvrsn=66569db4_0#page=882
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 Session of the General Assembly of Georgia
heading_path: LOCAL GOVERNMENT / Provisions Applicable to Municipal Corporations Only / URBAN RESIDENTIAL FINANCE AUTHORITIES FOR LARGE MUNICIPALITIES
---

# O.C.G.A. § 36-41-9. Pledge of assets for payment of bonds.

Each authority may pledge for the payment of its bonds such assets, funds, contract rights, and properties as the resolution providing for the issuance of its bonds may provide. Any such pledge made by the authority shall be valid and binding from the time when the pledge is made. The moneys or properties so pledged shall immediately be subject to the lien of such pledge without any physical delivery thereof or further act; and the lien of any such pledge shall be valid and binding as against all parties having claims of any kind against the authority, irrespective of whether such parties have notice thereof. No resolution or any other instrument by which a pledge is created need be recorded.

## History

Ga. L. 1979, p. 4662, § 9; Ga. L. 1985, p. 391, § 8; Ga. L. 1987, p. 150, § 9.