Okla. Stat. tit. 63, § 63-3283: Revenue bonds not debt of state or political subdivision

- Statement on bonds - Tax exempt.

Revenue bonds of the Oklahoma State University Medical Authority

issued pursuant to the provisions of the Oklahoma State University

Medical 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.