While any of the bonds issued by the authority remain outstanding, the powers, duties,
or existence of said authority or of its officers, employees, or agents shall not
be diminished or impaired in any manner that will affect adversely the interests and
rights of the holders of such bonds, and no other entity, department, agency, or authority
will be created which will compete with the authority to such an extent as to affect
adversely the rights and interests of the holders of such bonds, nor will the state
itself so compete with the authority. The provisions of this Act shall be for the
benefit of the authority and the holders of any such bonds and upon the issuance of
bonds under the provisions of this Act, shall constitute a contract with the holders
of such bonds.
(1999 Ga. Laws (Act No. 283, page 4815, § 23)
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