Constitution of the State of Georgia

Article VII. TAXATION AND FINANCE · Article VII. TAXATION AND FINANCE · Section IV. STATE DEBT

Art. VII, Sec. IV, Para. XII. Multiyear contracts for energy efficiency or conservation improvement.

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The General Assembly may by general law authorize state governmental entities to incur debt for the purpose of entering into multiyear contracts for governmental energy efficiency or conservation improvement projects in which payments are guaranteed over the term of the contract by vendors based on the realization of specified savings or revenue gains attributable solely to the improvements; provided, however, that any such contract shall not exceed ten years unless otherwise provided by general law. (Ga. Const. 1983, Art. 7, § 4, Para. 12, approved by Ga. L. 2010, p. 1264, § 1/SR 1231.)

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.

Editor's notes

The constitutional amendment (Ga. L. 2010, p. 1264, § 1), which added Paragraph XII to authorize state multiyear contracts for governmental energy efficiency or conservation improvement projects, was ratified at the general election held on November 2, 2010.

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

Text read from 2ga-const-(v2)-2016-pdf.pdf, Volume V2, 2016 edition, pages 1254 to 1255; merge action: carried; file SHA-256 1b27199d8655.