The issuance of any bond, revenue bond, note, or other obligation or incurring of debt, public or otherwise, by the authority must be approved by the commission established by Article VII, Section IV, Paragraph VII of the Constitution of the State of Georgia of 1983 or its successor.
History. Code 1981, § 50-32-38 , enacted by Ga. L. 1999, p. 112, § 7.
Structure Georgia Code
Chapter 32 - Georgia Regional Transportation Authority
§ 50-32-32. Guaranteed Revenue Bonds
§ 50-32-33. Bonds Are Made Securities
§ 50-32-34. Pledge by the State
§ 50-32-35. Applicability of Chapter 5 of Title 10
§ 50-32-36. State Immune From Obligations or Indebtedness Created by Authority
§ 50-32-38. Issuance of Bonds or Other Obligations Subject to Approval of Commission