Oklahoma § 69-1702 - Bonds not obligations of state or subdivisions - Payable
Full text of Oklahoma Oklahoma Statutes § 69-1702 — Bonds not obligations of state or subdivisions - Payable, with citation guidance and answers to common questions.
§ 69-1702. Bonds not obligations of state or subdivisions - Payable
from revenues - Statement to be contained in bonds.
Turnpike revenue bonds issued under the provisions on this
article shall not at any time be deemed to constitute a debt of the
state or of any political subdivision thereof or a pledge of the
faith and credit of the state or of any such political subdivision,
but such bonds shall be payable solely from the funds herein
provided therefor from revenues. Such turnpike revenue bonds 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 project or
projects for which they are issued and that neither the 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 the interest on such bonds.
Laws 1968, c. 415, § 1702, operative July 1, 1968.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 69-1702
What does Oklahoma Statutes § 69-1702 cover?
Section 69-1702 ("Bonds not obligations of state or subdivisions - Payable") 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 § 69-1702?
A common citation format is "Oklahoma Statutes § 69-1702" (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 § 69-1702 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.