{"data":{"id":"us-ok/okla.-stat.-tit.-2-2-4012","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 2, § 2-4012","heading":"Revenue bonds not to be considered debt of the state","body":"Revenue bonds of the Oklahoma State University Veterinary\n\nMedicine Authority issued pursuant to the provisions of the Oklahoma\n\nState University Veterinary Medicine Authority shall not constitute\n\na debt of the state or of any political subdivision thereof, or a\n\npledge of the full faith and credit of the state, or of any\n\npolitical subdivision thereof, but such bonds shall be payable\n\nsolely from the funds provided therefor. The forms of the bonds so\n\nissued shall contain on the face thereof a statement to the effect\n\nthat neither the state nor the Authority shall be obligated to pay\n\nthe same or the interest thereon except from the revenues of the\n\nAuthority pledged to the payment of such bonds and that neither the\n\nfaith and credit nor the taxing power of the state or any political\n\nsubdivision thereof is pledged, or may hereafter be pledged, to the\n\npayment of the principal of or interest on such bonds. The bonds so\n\nissued shall be exempt from taxation by the State of Oklahoma and\n\nany political subdivision thereof, including the income therefrom,\n\nand any gain from the sale thereof.","path":["OK Code","Title 2"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os2.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"652868610fc66fa82894815041fe511c06c3809872b09d9ad8ae58566da6392a","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-2-2-4011","next":"us-ok/okla.-stat.-tit.-2-2-4013"},"notice":"GroundRules: Original legal text. Not legal advice."}