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§ 5063.16. Bonds as general obligation of state

Oklahoma Statutes AnnotatedTitle 74. State Government

Oklahoma Statutes Annotated
Title 74. State Government (Refs & Annos)
Chapter 70. Department of Commerce (Refs & Annos)
Credit Enhancement Reserve Fund Act
74 Okl.St.Ann. § 5063.16
§ 5063.16. Bonds as general obligation of state
Currentness
All bonds issued pursuant to the Credit Enhancement Reserve Fund Act1 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.

Credits

Laws 1987, c. 222, § 86, operative July 1, 1987.

Footnotes

1
Title 74, § 5063.2 et seq.
74 Okl. St. Ann. § 5063.16, OK ST T. 74 § 5063.16
Current with emergency effective legislation through Chapter 182 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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