Oklahoma § 62-57.124 - Pledge of cigarette tax
Full text of Oklahoma Oklahoma Statutes § 62-57.124 — Pledge of cigarette tax, with citation guidance and answers to common questions.
§ 62-57.124. Pledge of cigarette tax
It is hereby expressly provided and pledged for the benefit of
the purchasers, owners and holders of said bonds that five cents
($0.05) of the tax on each package of cigarettes levied by Section
1, Chapter 47, 1968 Oklahoma Session Laws, constituting the
remainder of revenue available for the revenues lawfully levied and
collected by the State of Oklahoma on the sale of cigarettes not
already committed to other obligations of the State of Oklahoma, or
so much as may be necessary, shall be devoted irrevocably to the
payment and discharge of the interest on, and the principal of, the
bonds issued hereunder as the same become due, and said revenues
shall be, and hereby are, irrevocably pledged for such purposes.
Laws 1969, c. 339, § 4, emerg. eff. May 8, 1969.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 62-57.124
What does Oklahoma Statutes § 62-57.124 cover?
Section 62-57.124 ("Pledge of cigarette tax") 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 § 62-57.124?
A common citation format is "Oklahoma Statutes § 62-57.124" (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 § 62-57.124 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.