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.
Section: Previous 50-23-7 50-23-8 50-23-9 50-23-10 50-23-11 50-23-12 50-23-13 50-23-14 50-23-15 50-23-16 50-23-17 50-23-18 50-23-19 50-23-20 50-23-21 NextLast modified: October 14, 2016