Any other provision of this part to the contrary notwithstanding, the authority shall not incur any debt of any kind, whether through contract, mortgage, or otherwise, or encumber any real or personal property in any manner unless such action has been approved in advance, in writing, by the Georgia State Financing and Investment Commission as defined by Article VII, Section IV, Paragraph VII of the Constitution and Article 2 of Chapter 17 of Title 50, the “Georgia State Financing and Investment Commission Act.”
History. Code 1981, § 12-3-300 , enacted by Ga. L. 1993, p. 1683, § 6.
Structure Georgia Code
Title 12 - Conservation and Natural Resources
Chapter 3 - Parks, Historic Areas, Memorials, and Recreation
Article 7 - Public Authorities
Part 2 - North Georgia Mountains Authority
§ 12-3-294. Powers of Authority Generally
§ 12-3-296. Provision of Legal Services by Attorney General
§ 12-3-297. Lease of State Lands to Authority
§ 12-3-298. Revenue Bonds — Issuance for Purpose of Paying for Cost of Projects
§ 12-3-299. Jurisdiction of Authority
§ 12-3-300. Approval of Indebtedness by Georgia State Financing and Investment Commission