Okla. Stat. tit. 63, § 63-3283
This is the official text of Okla. Stat. tit. 63, § 63-3283, 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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Revenue bonds not debt of state or political subdivision
Official statutory text
- Statement on bonds - Tax exempt.
Revenue bonds of the Oklahoma State University Medical Authority
issued pursuant to the provisions of the Oklahoma State University
Medical 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.
Oklahoma Statutes - Title 63. Public Health and Safety Page 1589
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.
Revenue bonds of the Oklahoma State University Medical Authority
issued pursuant to the provisions of the Oklahoma State University
Medical 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.
Oklahoma Statutes - Title 63. Public Health and Safety Page 1589
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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