Oklahoma § 2-4012 - Revenue bonds not to be considered debt of the state
Full text of Oklahoma Oklahoma Statutes § 2-4012 — Revenue bonds not to be considered debt of the state, with citation guidance and answers to common questions.
§ 2-4012. Revenue bonds not to be considered debt of the state
Revenue bonds of the Oklahoma State University Veterinary
Medicine Authority issued pursuant to the provisions of the Oklahoma
State University Veterinary Medicine Authority 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 bonds shall be payable
solely from the funds provided therefor. The forms of the bonds so
issued shall contain on the face thereof a statement to the effect
that neither the state nor the Authority shall be obligated to pay
the same or the interest thereon except from the revenues of the
Authority pledged to the payment of such bonds and that neither the
Oklahoma Statutes - Title 2. Agriculture
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 such bonds. The 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.
Added by Laws 2023, c. 297, § 12, eff. July 1, 2023.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 2-4012
What does Oklahoma Statutes § 2-4012 cover?
Section 2-4012 ("Revenue bonds not to be considered debt of the state") is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Oklahoma § 2-4012?
A common citation format is "Oklahoma Statutes § 2-4012" (Oklahoma). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 2-4012 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Oklahoma.