Oklahoma Constitution

Adopted by Constitutional Convention July 16, 1907

Ratified by vote of the People September 17, 1907

Became effective upon Admission November 16, 1907

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Table of Contents

Article X: Revenue And Taxation

Borrowing money - Specification of purpose - Use

Aid to corporations, etc., by counties, cities, towns, etc

Specification of purpose of tax - Devotion to another purpose

Taxes for county, city, town or municipal purposes

State Board of Equalization

Classification of property

Balanced budget - Procedures

Surplus accruing to General Revenue Fund - Payment of bonded indebtedness -Investments - Appropriation of surplus

Debts in case of invasion, insurrection, or war

Authorization of debt - Annual tax - Submission to voters - Final passage

Indebtedness of political subdivisions - Assent of voters - Limitation of amount - Annual tax

Indebtedness for purchase, construction or repair of public utilities

Municipal water and water facilities - Financing

Indebtedness

Revenue for sinking fund - Uses to which applied

Bonds and evidence of indebtedness - Certificates as to compliance with law

System of accounting

Indebtedness for construction, equipment, etc., of state buildings - Use of part of cigarette tax for payment

State public common school building equalization fund

Indebtedness for construction of buildings and other capital improvements - Restrictions - Term - Sources of payment

State Industrial Finance Authority

Indebtedness for capital improvements to institutions of higher education - School and hospital for mentally retarded

Municipal and county levy for securing and developing industry

Indebtedness for capital improvements - University Medical Center

Bond issue for capital improvements at state institutions

Indebtedness for capital improvements at state institutions

Water resources and sewage treatment programs - Funding - State financial assistance - State liability

Economic development credit enhancement reserve fund - General obligation bonds

State construction, remodeling or other capital improvements - Amount of indebtedness - Payment and discharge of debt - Issuance of bonds

Article XI: State And School Lands

Acceptance of grants and donations - Pledge of faith of state