50-32-36
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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.