--- title: O.C.G.A. § 46-9-279. Status of bonds and other obligations as constituting debt or obligation of state, county, or other political subdivisions. collection: code id: 46-9-279 cite_as: O.C.G.A. § 46-9-279 (2025) canonical_url: https://georgiacommons.org/code/46-9-279 md_url: https://georgiacommons.org/code/46-9-279.md text_url: https://georgiacommons.org/code/46-9-279/text source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t46-(v34)-2025-pdf.pdf?sfvrsn=48adb3c4_0#page=883 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/46-9.md previous: https://georgiacommons.org/code/46-9-278.md next: https://georgiacommons.org/code/46-9-280.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: PUBLIC UTILITIES AND PUBLIC TRANSPORTATION / TRANSPORTATION OF FREIGHT AND PASSENGERS GENERALLY / GEORGIA RAIL PASSENGER AUTHORITY LAW --- # O.C.G.A. § 46-9-279. Status of bonds and other obligations as constituting debt or obligation of state, county, or other political subdivisions. No bonds, notes, or other obligations of and no indebtedness incurred by the authority shall constitute an indebtedness or obligation of the State of Georgia or any county, municipal corporation, or political subdivision thereof nor shall any act of the authority in any manner constitute or result in the creation of an indebtedness of the state or any such county, municipal corporation, or political subdivision. No holder or holders of any such bonds, notes, or other obligations shall ever have the right to compel any exercise of the taxing power of the state or any county, municipal corporation, or political subdivision thereof nor to enforce the payment thereof against the state or any such county, municipal corporation, or political subdivision. ## History Code 1981, § 46-9-279, enacted by Ga. L. 1985, p. 1283, § 1.