TITLE 50 STATE GOVERNMENT

Section 39. Atlanta-region Transit Link "ATL" Authority, 50-39-1 through 50-39-61.

ARTICLE 3 FUNDING

50-39-37. State debt not created; guarantee of payment.

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.

(Code 1981, §50-39-37, enacted by Ga. L. 2018, p. 377, § 2-1/HB 930.)