Title 50, Chapter 23, Section 14
( 50-23-14)
No bonds, notes, or other obligations of and no indebtedness
incurred by the authority shall constitute an indebtedness or
obligation or a pledge of the faith and credit of the State of
Georgia or of its agencies; nor shall any act of the authority in
any manner constitute or result in the creation of an indebtedness
of the state or its agencies or a cause of action against the state
or its agencies; provided, however, the state, to the extent
permitted by its Constitution, may guarantee payment of such bonds,
notes, or other obligations as guaranteed revenue debt. |