Certain notes exempt from intangible tax

Long-term notes secured by real estate and held by the authority or its assignees shall be exempt from the intangible recording tax imposed by Article 3 of Chapter 6 of Title 48. History. Code 1981, § 50-10-7, enacted by Ga. L. 1986, p. 705, § 4. 50-10-8. Approval of bond issues by financing and investment commission. 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, § 50-10-8, enacted by Ga. L. 1986, p. 705, § 4. 50-10-9. Rights under federal Constitution.