---
title: O.C.G.A. § 46-9-330. Indebtedness not obligation of state or political subdivision.
collection: code
id: 46-9-330
cite_as: O.C.G.A. § 46-9-330 (2025)
canonical_url: https://georgiacommons.org/code/46-9-330
md_url: https://georgiacommons.org/code/46-9-330.md
text_url: https://georgiacommons.org/code/46-9-330/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=900
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: PUBLIC UTILITIES AND PUBLIC TRANSPORTATION / TRANSPORTATION OF FREIGHT AND PASSENGERS GENERALLY / SOUTHWEST GEORGIA RAILROAD EXCURSION AUTHORITY
---

# O.C.G.A. § 46-9-330. Indebtedness not obligation of state or political subdivision.

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, § 46-9-330, enacted by Ga. L. 2000, p. 1117, § 1.