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Georgia State Code
Title      50
Chapter      32  
Section Navigation     1 ... 15         16 ... 34    
      35 ... 54         60 ... 70      
Section<<< 35 36 37 38 39 50 51 52 53 54 >>>  
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.

Sunday September 7 20:56 CDT


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