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Code · Oklahoma · Title 74 — State Government

§74-5063.16. Bonds as general obilgation of state.

108 words·~1 min read·/ok/title-74-state-government/74-5063-16·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

All bonds issued pursuant to the Credit Enhancement Reserve Fund Act shall be direct general obligations of the State of Oklahoma, for the payment for the debt service on which the full faith and credit of the State of Oklahoma are hereby irrevocably pledged so long as any such bonds are outstanding. The bonds shall be payable from the General Revenue Fund of this state, and such amount of general revenue funds as is necessary is hereby pledged to the payment of debt service on the bonds, and shall be and remain pledged for such purposes. Added by Laws 1987, c. 222, § 86, operative July 1, 1987.
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