Georgia § 46-3-146 - Preservation of interests and rights of owners of bonds and notes.
Full text of Georgia Official Code of Georgia Annotated § 46-3-146 — Preservation of interests and rights of owners of bonds and notes., with citation guidance and answers to common questions.
§ 46-3-146. Preservation of interests and rights of owners of bonds and notes.
While any of the bonds or notes issued by the authority remain outstanding, the powers, duties, or existence of the authority or of its officers, employees, or agents shall not be diminished, impaired, or affected in any manner which will affect adversely the interest and rights of the owners of such bonds or notes; and no other authority, instrumentality, or body will be created or empowered to compete with the authority so as to affect adversely the interests and rights of the owners of such bonds or notes; nor will the state itself so compete with the authority. This article shall be for the benefit of the state, the authority, and every owner of the authority's bonds and notes and, upon and after the issuance of bonds or notes under this article, shall constitute an irrevocable contract by the state with the owners of such bonds and notes. (Ga. L. 1975, p. 107, § 30.)
Frequently Asked Questions About Georgia § 46-3-146
What does Official Code of Georgia Annotated § 46-3-146 cover?
Section 46-3-146 ("Preservation of interests and rights of owners of bonds and notes.") is part of the Official Code of Georgia Annotated, the codified statutory law of Georgia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Georgia § 46-3-146?
A common citation format is "Official Code of Georgia Annotated § 46-3-146" (Georgia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Georgia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Georgia official source linked on this page or consult a licensed Georgia attorney.
How does Georgia § 46-3-146 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Georgia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Georgia.