---
title: O.C.G.A. § 50-9-39. Not debt or pledge of credit of state; bonds to contain recital of provisions.
collection: code
id: 50-9-39
cite_as: O.C.G.A. § 50-9-39 (2025)
canonical_url: https://georgiacommons.org/code/50-9-39
md_url: https://georgiacommons.org/code/50-9-39.md
text_url: https://georgiacommons.org/code/50-9-39/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t49-t50-ch1-12-(v38)-2023-pdf.pdf?sfvrsn=60c992b5_0#page=824
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/50-9.md
previous: https://georgiacommons.org/code/50-9-38.md
next: https://georgiacommons.org/code/50-9-40.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 / GEORGIA BUILDING AUTHORITY / REVENUE BONDS
---

# O.C.G.A. § 50-9-39. Not debt or pledge of credit of state; bonds to contain recital of provisions.

Revenue bonds issued under this article and Article 1 of this chapter shall not be deemed to constitute a debt of the state or a pledge of the faith and credit of the state, but the bonds shall be payable solely from the fund provided for in Code Section 50-9-42; and the issuance of the revenue bonds shall not directly, indirectly, or contingently obligate the state to levy or to pledge any form of taxation whatever therefor or to make any appropriation for the payment. All such bonds shall contain recitals on their face covering substantially the foregoing provisions of this Code section; provided, however, that such funds as may be received from state appropriations or from any other source are declared to be available to any department, board, commission, or agency of the state and may be used for the performance of any lease contract entered into by such department, board, commission, or agency of the state.

## History

Ga. L. 1951, p. 699, § 14.