Georgia § 10-9-61 - Cumulative nature of authority powers; power to pledge or assign rents, revenues, earnings, and funds as security for indebtedness.
Full text of Georgia Official Code of Georgia Annotated § 10-9-61 — Cumulative nature of authority powers; power to pledge or assign rents, revenues, earnings, and funds as security for indebtedness., with citation guidance and answers to common questions.
§ 10-9-61. Cumulative nature of authority powers; power to pledge or assign rents, revenues, earnings, and funds as security for indebtedness.
The powers granted to the authority under this article are cumulative and not in derogation of the powers otherwise granted to the authority under this chapter. Without limitation of the foregoing, the authority shall have the power to pledge or assign as security for the payment of, and to apply in the payment of, any indebtedness incurred by the authority under paragraph (9) of subsection (b) of Code Section 10-9-4 any rents, revenues, earnings, and funds derived from or in connection with the facilities undertaken under this article or any project under this chapter or otherwise available to the authority for such purposes, as the authority may determine necessary or appropriate, subject to such limitations or priorities as may be established incident to the issuance of revenue bonds under this article. (Code 1981, § 10-9-61 , enacted by Ga. L. 1989, p. 1195, § 11.)
Source: official Georgia text · Last verified 2026-08-27
Frequently Asked Questions About Georgia § 10-9-61
What does Official Code of Georgia Annotated § 10-9-61 cover?
Section 10-9-61 ("Cumulative nature of authority powers; power to pledge or assign rents, revenues, earnings, and funds as security for indebtedness.") 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 § 10-9-61?
A common citation format is "Official Code of Georgia Annotated § 10-9-61" (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 § 10-9-61 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.