Okla. Stat. tit. 74, § 74-2274: Notes and bonds not to be debt of state or any political

subdivision.

Revenue notes and bonds of the Commission issued pursuant to the

provisions of this act 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 notes and bonds shall be payable solely from the funds

provided therefrom. The forms of the notes and bonds so issued

shall contain on the face thereof a statement to the effect that

neither the state nor the Commission shall be obligated to pay the

same or the interest thereon except from the revenues of the

Department pledged to the payment of such notes and 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 the notes

and bonds. The notes and 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. 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.