Okla. Stat. tit. 62, § 62-498.1
This is the official text of Okla. Stat. tit. 62, § 62-498.1, 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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Maximum interest rate on bonds or other obligations
Official statutory text
issued by counties, municipalities, school districts, etc.
Bonds or other obligations of any type or character authorized
and issued by counties, municipalities, and school districts,
including, but not limited to, bonds or obligations issued pursuant
to Section 15-101 of Title 70 and Section 738 of Title 19, public
housing authorities created pursuant to the Oklahoma Housing
Authorities Act, Sections 1051 et seq. of Title 63, or port
Oklahoma Statutes - Title 62. Public Finance Page 442
authorities created pursuant to Section 1102 of Title 82, may bear
interest at a rate not to exceed ten percent (10%) per annum,
payable not more often than semiannually, without regard to the
limitations in any other law, general or special, except the
Constitution of Oklahoma, except that said interest rate limitations
shall not apply to any bonds or other obligations purchased by the
federal government or any agency thereof.
Bonds or other obligations of any type or character authorized
and issued by counties, municipalities, and school districts,
including, but not limited to, bonds or obligations issued pursuant
to Section 15-101 of Title 70 and Section 738 of Title 19, public
housing authorities created pursuant to the Oklahoma Housing
Authorities Act, Sections 1051 et seq. of Title 63, or port
Oklahoma Statutes - Title 62. Public Finance Page 442
authorities created pursuant to Section 1102 of Title 82, may bear
interest at a rate not to exceed ten percent (10%) per annum,
payable not more often than semiannually, without regard to the
limitations in any other law, general or special, except the
Constitution of Oklahoma, except that said interest rate limitations
shall not apply to any bonds or other obligations purchased by the
federal government or any agency thereof.
Status: in_force · Read it on the official government site
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