Title 32, Chapter 10, Section 99
( 32-10-99)
Revenue bonds issued under this article shall not be deemed to
constitute a debt of the State of Georgia or a pledge of the faith
and credit of the state, but such bonds shall be payable from the
revenues and funds of the authority as provided for in the
resolutions or trust indentures authorizing or securing such bond
issues; and the issuance of such revenue bonds shall not directly,
indirectly, or contingently obligate the state to levy or to pledge
any form of taxation whatsoever therefor or to make any
appropriation for the payment thereof; and all such bonds shall
contain recitals on their face covering substantially the foregoing
provisions of this Code section. |