Okla. Stat. tit. 62, § 62-57.124
This is the official text of Okla. Stat. tit. 62, § 62-57.124, part of Oklahoma’s Stat. tit. 62, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 62,." Browse the sections below, each linked to its official government source.
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Pledge of cigarette tax
Official statutory text
It is hereby expressly provided and pledged for the benefit of
the purchasers, owners and holders of said bonds that five cents
($0.05) of the tax on each package of cigarettes levied by Section
1, Chapter 47, 1968 Oklahoma Session Laws, constituting the
remainder of revenue available for the revenues lawfully levied and
collected by the State of Oklahoma on the sale of cigarettes not
already committed to other obligations of the State of Oklahoma, or
so much as may be necessary, shall be devoted irrevocably to the
payment and discharge of the interest on, and the principal of, the
bonds issued hereunder as the same become due, and said revenues
shall be, and hereby are, irrevocably pledged for such purposes.
the purchasers, owners and holders of said bonds that five cents
($0.05) of the tax on each package of cigarettes levied by Section
1, Chapter 47, 1968 Oklahoma Session Laws, constituting the
remainder of revenue available for the revenues lawfully levied and
collected by the State of Oklahoma on the sale of cigarettes not
already committed to other obligations of the State of Oklahoma, or
so much as may be necessary, shall be devoted irrevocably to the
payment and discharge of the interest on, and the principal of, the
bonds issued hereunder as the same become due, and said revenues
shall be, and hereby are, irrevocably pledged for such purposes.
Status: in_force · Read it on the official government site
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