---
title: O.C.G.A. § 50-39-37. State debt not created; guarantee of payment.
collection: code
id: 50-39-37
cite_as: O.C.G.A. § 50-39-37 (2025)
canonical_url: https://georgiacommons.org/code/50-39-37
md_url: https://georgiacommons.org/code/50-39-37.md
text_url: https://georgiacommons.org/code/50-39-37/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=825
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/50-39.md
previous: https://georgiacommons.org/code/50-39-36.md
next: https://georgiacommons.org/code/50-39-38.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 / ATLANTA-REGION TRANSIT LINK ‘‘ATL’’ AUTHORITY / FUNDING
---

# O.C.G.A. § 50-39-37. State debt not created; guarantee of payment.

No bonds, notes, or other obligations of and no indebtedness incurred by the authority, other than guaranteed revenue bonds, 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.

## History

Code 1981, § 50-39-37, enacted by Ga. L. 2018, p. 377, § 2-1/HB 930.