Official Code of Georgia Annotated

Title 50. STATE GOVERNMENT · Chapter 23. ENVIRONMENTAL FINANCE AUTHORITY · Article 1. ENVIRONMENTAL FINANCE AUTHORITY · Part 1. GENERAL PROVISIONS

50-23-14. Bonds not indebtedness of state; guarantee of bonds by state.

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

No bonds, notes, or other obligations of and no indebtedness incurred by the authority shall constitute an indebtedness or obligation or a pledge of the faith and credit of the State of Georgia or of its agencies; nor shall any act of the authority in any manner constitute or result in the creation of an indebtedness of the state or its agencies or a cause of action against the state or its agencies; provided, however, the state, to the extent permitted by its Constitution, may guarantee payment of such bonds, notes, or other obligations as guaranteed revenue debt.

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, § 50-23-14, enacted by Ga. L. 1986, p. 569, § 1; Ga. L. 1992, p. 6, § 50; Ga. L. 1994, p. 1108, § 6.

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

Text read from t50-ch13-40-(v38a)-2021-pdf.pdf, Volume V38A, 2021 edition, page 505; merge action: carried; file SHA-256 1cacff3315fb.

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