§ 36-62-18 — Limitation of liability

(a) No obligations of any participating local government under any intergovernmental assessment agreement shall constitute a pledge of the full faith or credit of such participating local government. (b) Any monetary obligation of any participating local government under any intergovernmental assessment agreement shall be payable solely from assessments pledged and proceeds from enforcing delinquent assessments pursuant to such intergovernmental assessment agreement. (c) No party to or third-party beneficiary of any intergovernmental assessment agreement or any assignee of any rights under any intergovernmental assessment agreement shall have the right to compel: (1) Any exercise of the taxing power of any participating local government, provided that such party, third-party beneficiary, or assignee may compel the imposition and enforcement of assessments agreed to be imposed and enforced pursuant to such intergovernmental assessment agreement; or (2) The enforcement of any payment against any property or public moneys of any such participating local government other than assessments pledged or proceeds from enforcing delinquent assessments pursuant to such intergovernmental assessment agreement.

Legislative History

Added by 2024 Ga. Laws 494,§ 6, eff. 4/25/2024.