Said authority may contract with any political subdivision or political subdivisions
of this state for the payment of such rents, fees, and charges for the use by such
subdivisions or the residents thereof of the project or projects and facilities of
the authority, and any such political subdivision shall have and hereby is given the
right and power to make such contract, and the rentals contracted to be paid by the
lessees or tenants to the authority under such contract or contracts entered into
pursuant to the provisions of this division shall constitute general obligations of
such political subdivision for the payment of which the full faith and credit of such
political subdivision may be pledged to provide the funds required to fulfill all
obligations arising under any such contract. Any such political subdivision which
shall have entered into such a contract pursuant to the provisions of this division
shall annually in each and every fiscal year during the term of such contract include
in a general revenue or appropriation measure, whether or not any other items are
included, sums sufficient to satisfy the payments required to be made in each year
by such contract until all payments required under such contract have been paid in
full. In the event for any reason any such provision or appropriation is not made,
then the fiscal officers of such political subdivision are hereby authorized and directed
to set up as an appropriation on their accounts in each fiscal year the amounts required
to pay the obligations called for under any such contract. The amount of the appropriation
in each fiscal year to meet the obligations of such contract as authorized and required
hereby shall be due and payable and shall be expended for the purpose of paying and
meeting the obligations provided under the terms and conditions of such contract,
and such appropriation shall have the same legal status as if the contracting political
subdivision had included the amount of the appropriation in its general revenue or
appropriation measure. Such fiscal officers shall make such payment to the authority
if for any reason such appropriation is not otherwise made, and any such political
subdivision may obligate itself and its successors to use only such structure, building,
or facilities constituting such project and none other.
(1970 Ga. Laws (Act No. 786), page 2126, § 10)
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