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Oklahoma Constitution

Public Indebtedness

Public Indebtedness

23Balanced Budget - Procedures 23aSurplus accruing to General Revenue Fund - Payment of bonded indebtedness - Investments - Appropriation of surplus 23bContracts for incarceration of state inmates with counties and municipalities 24Debts in case of invasion, insurrection, or war 25Authorization of debt - Annual tax - Submission to voters - Final passage 26Indebtedness of political subdivisions - Assent of voters - Limitation of amount - Annual tax 27Indebtedness for purchase, construction or repair of public utilities 27AMunicipal water and water facilities - Financing 27BPolitical subdivisions - Public utilities financing - Indebtedness 28Revenue for sinking fund - Uses to which applied 29Bonds and evidence of indebtedness - Certificates as to compliance with law 30System of accounting 31Indebtedness for construction, equipment, etc., of state buildings - Use of part of cigarette tax for payment 32State public common school building equalization fund 33Indebtedness for construction of buildings and other capital improvements - Restrictions - Term - Sources of payment 33AState Industrial Finance Authority 34Indebtedness for capital improvements to institutions of higher education - School and hospital for mentally retarded children 35Municipal and county levy for securing and developing industry 36Indebtedness for capital improvements - University Medical Center 37Bond issue for capital improvements at state institutions 38Indebtedness for capital improvements at state institutions 39Water resources and sewage treatment programs - Funding - State financial assistance - State liability 39AWater Infrastructure Credit Enhancement Reserve Fund - Creation, purpose, and administration - Authority to issue bonds 40Tobacco Settlement Endowment Trust Fund 41Oklahoma Education Lottery Trust Fund 42Economic development credit enhancement reserve fund - General obligation bonds 43State construction, remodeling or other capital improvements - Amount of indebtedness - Payment and discharge of debt - Issuance of bonds