---
title: O.C.G.A. § 50-26-16. Termination of authority.
collection: code
id: 50-26-16
cite_as: O.C.G.A. § 50-26-16 (2025)
canonical_url: https://georgiacommons.org/code/50-26-16
md_url: https://georgiacommons.org/code/50-26-16.md
text_url: https://georgiacommons.org/code/50-26-16/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=574
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/50-26.md
previous: https://georgiacommons.org/code/50-26-15.md
next: https://georgiacommons.org/code/50-26-17.md
index: https://georgiacommons.org/code/index.md
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 / HOUSING AND FINANCE AUTHORITY
---

# O.C.G.A. § 50-26-16. Termination of authority.

The authority and its corporate existence shall continue until terminated by law; provided, however, that no such law shall take effect so long as the authority shall have bonds or other obligations outstanding, unless adequate provision has been made for the payment thereof. On termination of the existence of the authority, all its rights and properties shall pass to and be vested in the State of Georgia.

## History

Code 1981, § 50-26-16, enacted by Ga. L. 1991, p. 1653, § 1-2.