The bonds shall be payable solely from the rents, revenues, earnings, and funds described in this paragraph, except that the bonds may, in addition and in the discretion of the authority, be paid in part by the authority from any other source of funds lawfully available to the authority for that purpose. The authority shall not be obligated in any way, however, to make any payments from any such other source of funds.
History. Code 1981, § 10-9-50 , enacted by Ga. L. 1988, p. 556, § 4; Ga. L. 1989, p. 1195, § 8; Ga. L. 2017, p. 774, § 10/HB 323.
The 2017 amendment, effective May 9, 2017, part of an Act to revise, modernize, and correct the Code, revised punctuation in paragraph (a)(1) and deleted “which are” at the beginning of divisions (a)(1)(D)(i) and (a)(1)(D)(ii).
Structure Georgia Code
Chapter 9 - Geo. L. Smith Ii Georgia World Congress Center
§ 10-9-40. Issuance of Bonds Authorized; Purpose
§ 10-9-41. Terms and Conditions of Bonds; Form
§ 10-9-44. Sale of Bonds; Interest Rate
§ 10-9-45. Use of Proceeds; Issuance of Additional Bonds in Case of Deficit; Use of Surplus
§ 10-9-46. Interim Revenue Receipts, Certificates, or Bonds
§ 10-9-47. Replacement of Mutilated, Destroyed, or Lost Bonds
§ 10-9-48. Proceedings and Conditions for Issuance; Resolution
§ 10-9-49. Lease of Facilities; Terms and Conditions; Contracts With Public Entities
§ 10-9-50. Enforceability Against Authority; Limitation on State Liability
§ 10-9-52. Enforcement of Rights by Bondholder, Receiver, or Indenture Trustee
§ 10-9-53. Payment of Sale Proceeds to Trustee
§ 10-9-56. Bonds Made Securities for Investment and Deposit Purposes
§ 10-9-57. Validation of Bonds; Applicability of “Revenue Bond law.”
§ 10-9-58. Legislative Findings; State Covenants
§ 10-9-59. Inapplicability of “Georgia Uniform Securities Act of 2008.”