Okla. Stat. tit. 63, § 63-3218
This is the official text of Okla. Stat. tit. 63, § 63-3218, part of Oklahoma’s Stat. tit. 63, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 63,." Browse the sections below, each linked to its official government source.
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Bonds not to be debt of state or political subdivision -
Official statutory text
Statement on bonds - Tax exemption.
Oklahoma Statutes - Title 63. Public Health and Safety Page 1529
Revenue bonds of the University Hospitals Authority issued
pursuant to the provisions of the University Hospitals Authority
shall not constitute a debt of the state or of any political
subdivision thereof, or a pledge of the full faith and credit of the
state, or of any political subdivision thereof, but such bonds shall
be payable solely from the funds provided therefor. The forms of
the bonds so issued shall contain on the face thereof a statement to
the effect that neither the state nor the Authority shall be
obligated to pay the same or the interest thereon except from the
revenues of the Authority pledged to the payment of such bonds and
that neither the faith and credit nor the taxing power of the state
or any political subdivision thereof is pledged, or may hereafter be
pledged, to the payment of the principal of or interest on such
bonds. The bonds so issued shall be exempt from taxation by the
State of Oklahoma and any political subdivision thereof, including
the income therefrom, and any gain from the sale thereof.
Oklahoma Statutes - Title 63. Public Health and Safety Page 1529
Revenue bonds of the University Hospitals Authority issued
pursuant to the provisions of the University Hospitals Authority
shall not constitute a debt of the state or of any political
subdivision thereof, or a pledge of the full faith and credit of the
state, or of any political subdivision thereof, but such bonds shall
be payable solely from the funds provided therefor. The forms of
the bonds so issued shall contain on the face thereof a statement to
the effect that neither the state nor the Authority shall be
obligated to pay the same or the interest thereon except from the
revenues of the Authority pledged to the payment of such bonds and
that neither the faith and credit nor the taxing power of the state
or any political subdivision thereof is pledged, or may hereafter be
pledged, to the payment of the principal of or interest on such
bonds. The bonds so issued shall be exempt from taxation by the
State of Oklahoma and any political subdivision thereof, including
the income therefrom, and any gain from the sale thereof.
Status: in_force · Read it on the official government site
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