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Ga. Const. art. VII, § IV, ¶ XIII — Multiyear rental agreements | Georgia Constitution

CONSTITUTION OF THE STATE OF GEORGIA

ARTICLE VII. TAXATION AND FINANCE

Paragraph XIII. Multiyear rental agreements.

The General Assembly may by general law authorize the State Properties Commission, the Board of Regents of the University System of Georgia, and the Georgia Department of Labor to enter into rental agreements for the possession and use of real property without obligating present funds for the full amount of obligation the state may bear under the full term of any such rental agreement. Any such agreement shall provide for the termination of the agreement in the event of insufficient funds.

(Ga. Const. 1983, Art. 7, § 4, Para. 13, approved by Ga. L. 2012, p. 1363, § 1/SR 84.)

Editor's notes.

- The constitutional amendment (Ga. L. 2012, p. 1363, § 1/SR 84), which added Paragraph XIII to authorize state multiyear rental agreements for the possession and use of real property without obligating present funds, was ratified at the general election held on November 6, 2012.