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Oklahoma · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Okla. Stat. tit. 63, § 63-3218: Bonds not to be debt of state or political subdivision -

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Where this section sits in the code
  1. OK Code
  2. Title 63

Statement on bonds - Tax exemption.

Revenue bonds of the University Hospitals Authority issued

pursuant to the provisions of the University Hospitals Authority

shall not constitute a debt of the state or of any political

subdivision thereof, or a pledge of the full faith and credit of the

state, or of any political subdivision thereof, but such bonds shall

be payable solely from the funds provided therefor. The forms of

the bonds so issued 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 Authority pledged to the payment of such bonds 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 interest on such

bonds. The bonds so issued shall be exempt from taxation by the

State of Oklahoma and any political subdivision thereof, including

the income therefrom, and any gain from the sale thereof.

Collected 2026-09-14T18:32:36Z. Source file · JSON

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