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

Okla. Stat. tit. 69, § 69-1702: Bonds not obligations of state or subdivisions - Payable

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Where this section sits in the code
  1. OK Code
  2. Title 69

from revenues - Statement to be contained in bonds.

Turnpike revenue bonds issued under the provisions on this

article shall not at any time be deemed to constitute a debt of the

state or of any political subdivision thereof or a pledge of the

faith and credit of the state or of any such political subdivision,

but such bonds shall be payable solely from the funds herein

provided therefor from revenues. Such turnpike revenue bonds 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 project or

projects for which they are issued 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 the interest on such bonds.

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

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