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

Okla. Stat. tit. 74, § 74-2259: Revenues for payment of bonds - Improvement bonds -

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Where this section sits in the code
  1. OK Code
  2. Title 74

Tourism information center bonds.

A. The Commission shall prescribe and collect reasonable rates,

fees, tolls or charges for the services, facilities and commodities

rendered by all property of the Commission, a portion of which, may

be pledged to the payment of bonds issued pursuant to this act. The

Commission shall revise the rates, fees, tolls or charges from time

to time whenever necessary to ensure that the revenues to be derived

therefrom shall be fully sufficient to pay principal of and interest

on such bonds. The gross revenues derived by the Commission from

the operation of any part or parts of the properties of the

Commission, but no revenues derived by the Commission through

legislative appropriation or from sources other than operation of

the properties of the Commission, may be pledged to the payment of

principal and interest. Notwithstanding any other provisions of

law, the Commission may use money derived from annual legislative

appropriations on a year-to-year basis, as authorized by the

Legislature, to repay any obligations to the Oklahoma Water

Resources Board pursuant to Sections 1085.51 and 1085.71 et seq. of

Title 82 of the Oklahoma Statutes.

B. The Commission is hereby authorized to construct

improvements in several parks and authorize the issuance of bonds

for all such improvements, and to pledge for the payment of the

bonds and the interest thereon, revenues derived by the Commission

from the operation of any or all of the parks in which any

consolidated bond issue has been authorized.

C. The Commission is further authorized to construct state-of-

the-art tourism information centers on interstate highways

including, but not limited to, entry points near the borders of the

state and major metropolitan areas, and authorize the issuance of

bonds for all construction projects, and to pledge for the payment

of such bonds and the interest thereon, revenues derived by the

Commission from the lease or operation of any or all of the tourism

information centers for which any such consolidated bond issue has

been authorized.

D. Any revenues which may be received by the Commission for the

use of such buildings or improvements, in whole or in part, shall be

regarded as all other revenues of the Commission and shall be

subject to be pledged to the payment of bonds issued hereunder.

Each bond shall recite in substance that such bond and the interest

thereon is payable solely from the revenues pledged to the payment

thereof, and that such bond does not constitute a debt of the

Commission or of the state within the meaning of any constitutional

or statutory limitation.

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

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