In a study of the Joint Development Authority’s (JDA) financial transactions, in particular bonds, no illegalities or potential liability to Newton County were discovered, according to attorney Roger Murray. Murray was brought on by Newton County’s interim law firm, Jarrard and Davis, LLP, to conduct a financial transaction study on the JDA. Murray presented his findings to the board of commissioners Tuesday. “Newton County has no actual or potential liability with respect to bonds,” Murray said to the BOC. How the bonds were issued is of no economic substance.