§ 145. Obligation of authority does not constitute debt of any city or county.  


Latest version.
  • Obligations of the authority issued under the provisions of this act [part] shall not be deemed to constitute a debt of any city or county in the State of Georgia, but such obligations shall be payable solely from the fund hereinafter provided for and the issuance of such obligations shall not directly, indirectly or contingently obligate any city or county in said state to levy or to pledge any form of taxation whatever therefor or to make any appropriation for their payment, and all such obligations shall contain recitals covering substantially the foregoing provisions of this section.

(Acts 1969, p. 2567, § 14)