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2018 Georgia Code
Title 50 - State Government
Chapter 39 - Atlanta-Region Transit Link "Atl" Authority
Article 3 - Funding
§ 50-39-37. State debt not created; guarantee of payment
Universal Citation: GA Code § 50-39-37 (2018)
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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