Título 36. LOCAL GOVERNMENT · Capítulo 42. DOWNTOWN DEVELOPMENT AUTHORITIES
36-42-12. Obligations of authorities not public debt of state or political subdivision thereof.
Actualizado hasta: Including Acts of the 2025 Session of the General Assembly of Georgia.
El texto siguiente es la ley tal como la imprime el estado, en inglés.
No bonds, notes, or other obligations of, and no indebtedness incurred by, an authority shall constitute an indebtedness or obligation of the State of Georgia or any county, municipal corporation, or political subdivision thereof, nor shall any act of any authority in any manner constitute or result in the creation of an indebtedness of this state or any county, municipal corporation, or political subdivision thereof. No holder or holders of any such bonds, notes, or other obligations shall ever have the right to compel any exercise of the taxing power of the state or any county, municipal corporation, or political subdivision thereof, nor to enforce the payment thereof against the state or any such county, municipal corporation, or political subdivision.
History
Ga. L. 1981, p. 1744, § 11.
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Actualizado hasta: Including Acts of the 2025 Session of the General Assembly of Georgia.
Texto leído de t35-t36-ch1-59-(v27)-2025-pdf.pdf, Volumen V27, edición 2025, página 901; acción de fusión: bound only; SHA-256 del archivo 6c7b6bcea397.