§ 1321. Debt.

Latest version.

Except as otherwise provided in this section, each district may incur debt without regard to the requirements of article IX, section V of the Constitution of Georgia, or any other provision of law, prohibiting or restricting the borrowing of money or the creation of debt by political subdivisions of the State of Georgia, which debt shall be backed by the full faith and credit and taxing power of the district but shall not be an obligation of the State of Georgia or any other unit of government of the State of Georgia other than the district.

(Acts 2008, p. 3817, § 8)

                    
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