Okla. Stat. tit. 74, § 74-2271
This is the official text of Okla. Stat. tit. 74, § 74-2271, 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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Authority to issue revenue notes and bonds - Guaranties
Official statutory text
and insurance.
The Commission is hereby authorized to:
1. Make and issue notes and bonds, and pledge revenues of the
Commission subject to the Oklahoma Bond Oversight and Reform Act.
The Commission revenue notes and 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 political subdivision. Such
notes and bonds shall be payable solely from the revenues of the
Department and any other funds as may be provided by law for such
payments and shall contain on their face a statement to that effect;
and
2. Arrange for guaranties or insurance of its notes and bonds
by the federal government or by any private insurer, and to pay any
premiums therefrom.
The Commission is hereby authorized to:
1. Make and issue notes and bonds, and pledge revenues of the
Commission subject to the Oklahoma Bond Oversight and Reform Act.
The Commission revenue notes and 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 political subdivision. Such
notes and bonds shall be payable solely from the revenues of the
Department and any other funds as may be provided by law for such
payments and shall contain on their face a statement to that effect;
and
2. Arrange for guaranties or insurance of its notes and bonds
by the federal government or by any private insurer, and to pay any
premiums therefrom.
Status: in_force · Read it on the official government site
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