Oklahoma § 82-869 - Sources for payment of obligations of district

§ 82-869. Sources for payment of obligations of district

A. Any and every indebtedness, liability or obligation of the

district, for the payment of money, however entered into or

incurred, and whether arising from contract, implied contract or

Oklahoma Statutes - Title 82. Waters and Water Rights

otherwise, shall be payable solely (1) out of the revenues received

by the district in respect of its properties, or other accounts held

for the payment and security thereof, subject to any prior lien

thereon conferred by any resolution or resolutions theretofore

adopted as in Section 861 et seq. of this title provided,

authorizing the issuance of bonds or (2), if the Board shall so

determine out of the proceeds of sale or issuance by the district of

bonds or bond anticipation notes payable solely from such revenues

or such other amounts, or such credit or liquidity support as may be

obtained by the district for such purposes, repayable solely from

such revenues or other amounts.

B. Notwithstanding the provisions of this section, the district

is hereby authorized to accept state appropriations to pay any

lease-purchase obligations for property purchased from the sale of

bonds as provided by law in Section 301 et seq. of Title 73 of the

Oklahoma Statutes.

Added by Laws 1935, p. 354, § 9. Amended by Laws 1981, c. 204, §

14, emerg. eff. May 26, 1981; Laws 2001, c. 71, § 1, emerg. eff.

April 10, 2001; Laws 2019, c. 507, § 10, eff. July 1, 2019.