Okla. Stat. tit. 63, § 63-3218: Bonds not to be debt of state or political subdivision -
Where this section sits in the code
- OK Code
- 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