2010 Georgia Code 50-32-36 Case Law
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Phone: 904-383-7448
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One Click Case Law for § 50-32-36
O.C.G.A. § 50-32-35 <-- --> O.C.G.A. §50-32-37



2010 Georgia Code

TITLE 50 - STATE GOVERNMENT

CHAPTER 32 - GEORGIA REGIONAL TRANSPORTATION AUTHORITY
ARTICLE 3 - FUNDING
§ 50-32-36 - State immune from obligations or indebtedness created by authority

O.C.G.A. 50-32-36 (2010)
50-32-36. State immune from obligations or indebtedness created by authority


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.

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Graham W. Syfert, Esq., P.A.
Phone: 904-383-7448
Fax: 904-638-4726

graham@syfert.com