Okla. Stat. tit. 74, § 74-1226.1
This is the official text of Okla. Stat. tit. 74, § 74-1226.1, part of Oklahoma’s Stat. tit. 74, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 74,." Browse the sections below, each linked to its official government source.
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Revenue bonds - Obligation
Official statutory text
Oklahoma Statutes - Title 74. State Government Page 750
Revenue bonds issued under the provisions of this act shall not
at any time be deemed to constitute a debt of the state or of any
political subdivision thereof or a pledge of the faith and credit of
the state or of any such political subdivision, but such bonds shall
be payable solely from the funds therein provided therefor from
revenues. Such revenue bonds 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 project or projects for which they are
issued 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 the
interest on such bonds.
Revenue bonds issued under the provisions of this act shall not
at any time be deemed to constitute a debt of the state or of any
political subdivision thereof or a pledge of the faith and credit of
the state or of any such political subdivision, but such bonds shall
be payable solely from the funds therein provided therefor from
revenues. Such revenue bonds 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 project or projects for which they are
issued 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 the
interest on such bonds.
Status: in_force · Read it on the official government site
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