---
title: O.C.G.A. § 36-82-66. Governmental liability for payment of bonds; recitation on bond.
collection: code
id: 36-82-66
cite_as: O.C.G.A. § 36-82-66 (2025)
canonical_url: https://georgiacommons.org/code/36-82-66
md_url: https://georgiacommons.org/code/36-82-66.md
text_url: https://georgiacommons.org/code/36-82-66/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t36-ch60-92-(v27a)-2025-pdf.pdf?sfvrsn=1fad51cc_0#page=508
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/36-82.md
previous: https://georgiacommons.org/code/36-82-65.md
next: https://georgiacommons.org/code/36-82-67.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: LOCAL GOVERNMENT / Provisions Applicable to Counties, Municipal Corporations, and Other Governmental Entities / BONDS / REVENUE BONDS
---

# O.C.G.A. § 36-82-66. Governmental liability for payment of bonds; recitation on bond.

Revenue bonds issued under this article shall not be payable from or charged upon any funds other than the revenue pledged to the payment thereof, nor shall the governmental body issuing the same be subject to any pecuniary liability thereon. No holder or holders of any such bonds shall ever have the right to compel any exercise of the taxing power of the governmental body to pay any such bonds or the interest thereon, nor to enforce payment thereof against any property of the governmental body; nor shall any such bonds constitute a charge, lien, or encumbrance, legal or equitable, upon any property of the governmental body. Every bond issued under this article shall contain a recital setting forth the substance of this Code section.

## History

Ga. L. 1937, p. 761, § 7.

## Law Reviews

For note, “If You (Pay To) Build It, They Will Come: Rethinking Publicly-Financed Professional Sports Stadiums after the Atlanta Braves Deal with Cobb County,” see 53 Ga. L. Rev. 409 (2018).