Oklahoma § 74-5062.16 - Covenant and consent to inclusion of interest on bonds
Full text of Oklahoma Oklahoma Statutes § 74-5062.16 — Covenant and consent to inclusion of interest on bonds, with citation guidance and answers to common questions.
§ 74-5062.16. Covenant and consent to inclusion of interest on bonds
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.
Added by Laws 1987, c. 222, § 64, operative July 1, 1987.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 74-5062.16
What does Oklahoma Statutes § 74-5062.16 cover?
Section 74-5062.16 ("Covenant and consent to inclusion of interest on bonds") 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 § 74-5062.16?
A common citation format is "Oklahoma Statutes § 74-5062.16" (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 § 74-5062.16 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.