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(Code 1933, § 40-419, enacted by Ga. L. 1962, p. 17, § 1.)
This section prohibits deficit financing. Briarcliff Haven, Inc. v. Department of Human Resources, 403 F. Supp. 1355 (N.D. Ga. 1975).
Cited in Busbee v. Georgia Conference, Am. Ass'n of Univ. Professors, 235 Ga. 752, 221 S.E.2d 437 (1975); Georgia Ass'n of Educators v. Harris, 403 F. Supp. 961 (N.D. Ga. 1975).
- 72 Am. Jur. 2d, States, Territories, and Dependencies, § 80.
- 81A C.J.S., States, § 398.
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