Okla. Stat. tit. 82, § 82-869
This is the official text of Okla. Stat. tit. 82, § 82-869, part of Oklahoma’s Stat. tit. 82, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 82,." Browse the sections below, each linked to its official government source.
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Sources for payment of obligations of district
Official statutory text
A. Any and every indebtedness, liability or obligation of the
district, for the payment of money, however entered into or
incurred, and whether arising from contract, implied contract or
Oklahoma Statutes - Title 82. Waters and Water Rights Page 154
otherwise, shall be payable solely (1) out of the revenues received
by the district in respect of its properties, or other accounts held
for the payment and security thereof, subject to any prior lien
thereon conferred by any resolution or resolutions theretofore
adopted as in Section 861 et seq. of this title provided,
authorizing the issuance of bonds or (2), if the Board shall so
determine out of the proceeds of sale or issuance by the district of
bonds or bond anticipation notes payable solely from such revenues
or such other amounts, or such credit or liquidity support as may be
obtained by the district for such purposes, repayable solely from
such revenues or other amounts.
B. Notwithstanding the provisions of this section, the district
is hereby authorized to accept state appropriations to pay any
lease-purchase obligations for property purchased from the sale of
bonds as provided by law in Section 301 et seq. of Title 73 of the
Oklahoma Statutes.
district, for the payment of money, however entered into or
incurred, and whether arising from contract, implied contract or
Oklahoma Statutes - Title 82. Waters and Water Rights Page 154
otherwise, shall be payable solely (1) out of the revenues received
by the district in respect of its properties, or other accounts held
for the payment and security thereof, subject to any prior lien
thereon conferred by any resolution or resolutions theretofore
adopted as in Section 861 et seq. of this title provided,
authorizing the issuance of bonds or (2), if the Board shall so
determine out of the proceeds of sale or issuance by the district of
bonds or bond anticipation notes payable solely from such revenues
or such other amounts, or such credit or liquidity support as may be
obtained by the district for such purposes, repayable solely from
such revenues or other amounts.
B. Notwithstanding the provisions of this section, the district
is hereby authorized to accept state appropriations to pay any
lease-purchase obligations for property purchased from the sale of
bonds as provided by law in Section 301 et seq. of Title 73 of the
Oklahoma Statutes.
Status: in_force · Read it on the official government site
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