---
title: O.C.G.A. § 50-23-13. Liberal construction; bonds exempt from securities law; necessity of notice, proceeding, or publication; referendums.
collection: code
id: 50-23-13
cite_as: O.C.G.A. § 50-23-13 (2025)
canonical_url: https://georgiacommons.org/code/50-23-13
md_url: https://georgiacommons.org/code/50-23-13.md
text_url: https://georgiacommons.org/code/50-23-13/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t50-ch13-40-(v38a)-2021-pdf.pdf?sfvrsn=1209d23f_0#page=505
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 Regular Session of the General Assembly
heading_path: STATE GOVERNMENT / ENVIRONMENTAL FINANCE AUTHORITY / ENVIRONMENTAL FINANCE AUTHORITY / GENERAL PROVISIONS
---

# O.C.G.A. § 50-23-13. Liberal construction; bonds exempt from securities law; necessity of notice, proceeding, or publication; referendums.

The provisions of this article shall be liberally construed to effect the purposes of this article. The offer, sale, or issuance of bonds, notes, or other obligations by the authority shall not be subject to regulation under Chapter 5 of Title 10, known as the ‘‘Georgia Uniform Securities Act of 2008.’’ No notice, proceeding, or publication except those required in this article shall be necessary to the performance of any act authorized in this article; nor shall any such act be subject to referendum.

## History

Code 1981, § 50-23-13, enacted by Ga. L. 1986, p. 569, § 1; Ga. L. 1994, p. 1108, § 6; Ga. L. 2008, p. 381, § 10/SB 358.

## Code Commission Notes

Pursuant to Code Section 28-9-5, in 1990, ‘‘Chapter 5’’ was substituted for ‘‘Chapter 1’’ in the second sentence.