Oklahoma Code § 62-88.1B

Title 62. Public Finance: Investment of linked deposit program monies
Open in Lexace · Ask the AI about this section
A.  The amount that the State Treasurer may invest in all linked
deposit programs authorized by law shall not exceed the lesser of
Five Hundred Million Dollars ($500,000,000.00) or fifteen percent
(15%) of all monies available to the State Treasurer for investment
as calculated by taking the average of the quarter-end amount for
the previous four (4) quarters.
B.  The State Treasurer shall on a quarterly basis review the
percentage of total investable state funds invested in all linked
deposit programs created by law to determine compliance with
subsection A of this section.
C.  If the State Treasurer determines that more than the amount
allowable pursuant to subsection A of this section is invested in
all linked deposit programs created by law, the State Treasurer
shall suspend any renewal or any initiation of new linked deposit
program investments until the time that the State Treasurer
determines the investment percentage limitation established by this
section has been met and except as provided by Section 88.1A of this
title.

‹ Prev All Oklahoma sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.