§ 2-275. Same—Credit not pledged.  


Latest version.
  • Revenue bonds issued under the provisions of this Act shall not be deemed to constitute a debt of the State of Georgia, Cherokee County, Cobb County, or Bartow County nor a pledge of the faith and credit of said state or counties, but such bonds shall be payable solely from the funds provided for in this Act, and the issuance of such revenue bonds shall not directly, indirectly, or contingently obligate said state or counties to levy or to pledge any form of taxation whatever therefor, or to make any appropriation for the payment, and all such bonds shall continue recitals on their face covering substantially the foregoing provisions of this section.

(1999 Ga. Laws (Act No. 283, page 4815, § 15)