Okla. Stat. tit. 70, § 70-23-116
This is the official text of Okla. Stat. tit. 70, § 70-23-116, part of Oklahoma’s Stat. tit. 70, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 70,." Browse the sections below, each linked to its official government source.
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Authority tax exempt
Official statutory text
The exercise of the powers granted by this article will be in
all respects for the benefit of the people of the state, to serve
their educational and cultural interests and needs, and for the
improvement of their health and living conditions. The operation
and maintenance of projects by the Authority will constitute the
performance of essential governmental functions, and the Authority
shall not be required to pay any taxes or assessments upon any
project or any property acquired or used by the Authority under the
provisions of this article or upon the income therefrom, and the
bonds issued under the provisions of this article, their transfer
and the income therefrom, including any profit made on the sale
thereof, shall at all times be free from taxation within the state.
all respects for the benefit of the people of the state, to serve
their educational and cultural interests and needs, and for the
improvement of their health and living conditions. The operation
and maintenance of projects by the Authority will constitute the
performance of essential governmental functions, and the Authority
shall not be required to pay any taxes or assessments upon any
project or any property acquired or used by the Authority under the
provisions of this article or upon the income therefrom, and the
bonds issued under the provisions of this article, their transfer
and the income therefrom, including any profit made on the sale
thereof, shall at all times be free from taxation within the state.
Status: in_force · Read it on the official government site
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