Oklahoma § 62-498.1 - Maximum interest rate on bonds or other obligations
Full text of Oklahoma Oklahoma Statutes § 62-498.1 — Maximum interest rate on bonds or other obligations, with citation guidance and answers to common questions.
§ 62-498.1. Maximum interest rate on bonds or other obligations
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
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.
Laws 1970, c. 236, § 1, emerg. eff. April 22, 1970; Laws 1978, c.
205, § 1, emerg. eff. April 14, 1978; Laws 1980, c. 126, § 6, emerg.
eff. April 10, 1980.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 62-498.1
What does Oklahoma Statutes § 62-498.1 cover?
Section 62-498.1 ("Maximum interest rate on bonds or other obligations") 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 § 62-498.1?
A common citation format is "Oklahoma Statutes § 62-498.1" (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 § 62-498.1 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.