Application of Oklahoma Turnpike Authority

Without attempting an analysis of all similarities and dissimilarities between Engrossed House Bill No. 932 and previously enacted turnpike legislation, in my opinion, certain basic and fundamental dissimilarities stand out as decisive. All previous enactments relating to the issuance of turnpike revenue bonds have provided that such bonds would be paid solely from the revenues derived from the operation of the turnpike for which the bonds were issued. This is the first instance where there has been presented to this Court for approval a Legislative enactment relating to toll road projects…