---
title: O.C.G.A. § 7-1-957. State indebtedness not to be created.
collection: code
id: 7-1-957
cite_as: O.C.G.A. § 7-1-957 (2025)
canonical_url: https://georgiacommons.org/code/7-1-957
md_url: https://georgiacommons.org/code/7-1-957.md
text_url: https://georgiacommons.org/code/7-1-957/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t7-t8-(v5)-2024-pdf.pdf?sfvrsn=6386add7_0#page=538
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/7-1.md
previous: https://georgiacommons.org/code/7-1-956.md
next: https://georgiacommons.org/code/7-1-958.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: BANKING AND FINANCE / FINANCIAL INSTITUTIONS / SMALL MINORITY BUSINESS DEVELOPMENT CORPORATIONS
---

# O.C.G.A. § 7-1-957. State indebtedness not to be created.

Under no circumstances shall the credit of the State of Georgia be pledged to any corporation organized under this article nor shall acts of such corporation in any manner constitute or result in the creation of any indebtedness of the State of Georgia or any county or municipal corporation therein.

## History

Code 1981, § 7-1-957, enacted by Ga. L. 1988, p. 804, § 1.