Skip to content
Georgia Commons
Menu

Official Code of Georgia Annotated

Title 36. LOCAL GOVERNMENT · Chapter 62. DEVELOPMENT AUTHORITIES · Article 2. COMMERCIAL PROPERTY ASSESSED CONSERVATION, ENERGY, AND RESILIENCY COOPERATION

36-62-18. Limitation of liability.

Active

Current through: Including Acts of the 2025 Session of the General Assembly of Georgia.

  1. (a)

    No obligations of any participating local government under any intergovernmental assessment agreement shall constitute a pledge of the full faith or credit of such participating local government.#

  2. (b)

    Any monetary obligation of any participating local government under any intergovernmental assessment agreement shall be payable solely from assessments pledged and proceeds from enforcing delinquent assessments pursuant to such intergovernmental assessment agreement.#

  3. (c)

    No party to or third-party beneficiary of any intergovernmental assessment agreement or any assignee of any rights under any intergovernmental assessment agreement shall have the right to compel:#

    1. (1)

      Any exercise of the taxing power of any participating local government, provided that such party, third-party beneficiary, or assignee may compel the imposition and enforcement of assessments agreed to be imposed and enforced pursuant to such intergovernmental assessment agreement; or#

    2. (2)

      The enforcement of any payment against any property or public moneys of any such participating local government other than assessments pledged or proceeds from enforcing delinquent assessments pursuant to such intergovernmental assessment agreement.#

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

History

Code 1981, § 36-62-18, enacted by Ga. L. 2024, p. 434, § 6/HB 206, effective April 25, 2024.

Read the official page (the state's PDF, opened at the page this text was read from).

Current through: Including Acts of the 2025 Session of the General Assembly of Georgia.

Text read from t36-ch60-92-(v27a)-2025-pdf.pdf, Volume V27A, 2025 edition, page 148; merge action: bound only; file SHA-256 5150ee8c60f7.