Okla. Stat. tit. 11, § 11-24-106: Public Property

Public Property. It is hereby found, determined, and declared

that the creation of the Authority and the carrying out of its

corporate purposes are in all respects for the benefit of the people

of this state and that the Authority is an institution of purely

public charity performing an essential governmental function and all

property of said Authority (including the Authority's interest in

any property held jointly with any other person) is hereby declared

and shall in all respects be considered to be public property and

title to such property shall be held by the Authority only for the

benefit of the public and the use of such property pursuant to the

terms of this act shall be and is hereby declared to be for

essential public and governmental purposes, that is, for the

promotion of public general welfare in the matter of providing an

adequate, dependable and economic electric power supply in an effort

to better the general condition of the residents of the State of

Oklahoma, and all of the property of and income, obligations and

interest on all the bonds and notes of the Authority and the

transfer thereof shall be and hereby are declared to be nontaxable

for any and all purposes by the State of Oklahoma or any of its

political subdivisions.