Okla. Stat. tit. 74, § 74-5062.16
This is the official text of Okla. Stat. tit. 74, § 74-5062.16, part of Oklahoma’s Stat. tit. 74, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 74,." Browse the sections below, each linked to its official government source.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Covenant and consent to inclusion of interest on bonds
Official statutory text
in gross income.
The Authority may covenant and consent that the interest on
certain of its bonds shall be includable under the Internal Revenue
Code of 1986, as amended, or any subsequent corresponding internal
revenue law of the United States in the gross income of the owners
thereof to the same extent and in the same manner that the interest
on bills, bonds, notes or other obligations of the United States is
includable in the gross income of the owners thereof under said
Internal Revenue Code or any such subsequent law. Nothing contained
herein shall be construed to covenant or consent or to authorize any
covenant or consent to the application of any other provision of any
other laws, federal or state, to the Authority or to its bonds or to
the elimination or modification in any way of any other exemption,
privilege or immunity thereof.
The Authority may covenant and consent that the interest on
certain of its bonds shall be includable under the Internal Revenue
Code of 1986, as amended, or any subsequent corresponding internal
revenue law of the United States in the gross income of the owners
thereof to the same extent and in the same manner that the interest
on bills, bonds, notes or other obligations of the United States is
includable in the gross income of the owners thereof under said
Internal Revenue Code or any such subsequent law. Nothing contained
herein shall be construed to covenant or consent or to authorize any
covenant or consent to the application of any other provision of any
other laws, federal or state, to the Authority or to its bonds or to
the elimination or modification in any way of any other exemption,
privilege or immunity thereof.
Status: in_force · Read it on the official government site
Need a lawyer in Oklahoma?
Find a Oklahoma lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.