Loan guaranties issued under this part shall not be deemed to constitute a debt, liability, or obligation of, or a pledge of the faith and credit of, the state but shall be payable solely from revenues or assets of the corporation provided for such payment pursuant to paragraph (1) of Code Section 20-3-275. No director or officer of the corporation shall be subject to any personal liability or accountability by reason of the issuance of loan guaranties by the corporation.
Section: Previous 20-3-262 20-3-263 20-3-264 20-3-265 20-3-266 20-3-267 20-3-268 20-3-269 20-3-270 20-3-271 20-3-272 20-3-273 20-3-274 20-3-275 20-3-276 NextLast modified: October 14, 2016