Okla. Stat. tit. 62, § 62-34.72
This is the official text of Okla. Stat. tit. 62, § 62-34.72, part of Oklahoma’s Stat. tit. 62, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 62,." Browse the sections below, each linked to its official government source.
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Procedure for payment of interest
Official statutory text
The Director of the Office of Management and Enterprise Services
shall establish a procedure to assess and pay interest for the late
payment of an invoice, which interest shall be calculated beginning
Oklahoma Statutes - Title 62. Public Finance Page 114
the thirtieth day after receipt by the designated office of a proper
invoice for which payment has not been mailed, transmitted, or
delivered to a vendor by the close of business on the forty-fifth
day. Such interest shall be at an annualized rate based on an
average of the interest rate for thirty-day time deposits of state
funds during the last calendar quarter of the last preceding fiscal
year, as reported by the State Treasurer.
shall establish a procedure to assess and pay interest for the late
payment of an invoice, which interest shall be calculated beginning
Oklahoma Statutes - Title 62. Public Finance Page 114
the thirtieth day after receipt by the designated office of a proper
invoice for which payment has not been mailed, transmitted, or
delivered to a vendor by the close of business on the forty-fifth
day. Such interest shall be at an annualized rate based on an
average of the interest rate for thirty-day time deposits of state
funds during the last calendar quarter of the last preceding fiscal
year, as reported by the State Treasurer.
Status: in_force · Read it on the official government site
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