Oklahoma § 62-34.72 - Procedure for payment of interest
Full text of Oklahoma Oklahoma Statutes § 62-34.72 — Procedure for payment of interest, with citation guidance and answers to common questions.
§ 62-34.72. Procedure for payment of interest
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
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.
Added by Laws 1983, p. 1168, H.J.R. No. 1010, § 2, emerg. eff. May
24, 1983. Amended by Laws 2009, c. 441, § 49, eff. July 1, 2009.
Renumbered from § 41.4b of this title by Laws 2009, c. 441, § 64,
eff. July 1, 2009. Amended by Laws 2012, c. 304, § 395.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 62-34.72
What does Oklahoma Statutes § 62-34.72 cover?
Section 62-34.72 ("Procedure for payment of interest") is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Oklahoma § 62-34.72?
A common citation format is "Oklahoma Statutes § 62-34.72" (Oklahoma). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 62-34.72 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Oklahoma.