Title 50, Chapter 32, Section 36
( 50-32-36)
No bonds, notes, or other obligations of and no indebtedness
incurred by the authority, other than guaranteed revenue bonds,
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. |