Okla. Stat. tit. 11, § 11-49-122.4
This is the official text of Okla. Stat. tit. 11, § 11-49-122.4, part of Oklahoma’s Stat. tit. 11, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 11,." Browse the sections below, each linked to its official government source.
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Costs and expenses - Supplies and equipment
Official statutory text
A. All costs and expenses for the selection and compensation of
investment counselors, institutional custodian service and
commissions or other costs resulting from the purchase, sale or
other transfer of assets shall be paid from the fund.
B. Three percent (3%) of the funds disbursed to the State Board
under the provisions of Section 312.1 of Title 36 of the Oklahoma
Statutes shall be retained by the State Board for the purpose of
paying all costs and expenses, other than those provided for in
subsection A of this section, incurred in the operation,
administration and management of the System. At the close of each
fiscal year, any surplus shall be transferred to the Oklahoma
Firefighters Pension and Retirement Fund.
C. The State Board is authorized to purchase such equipment and
supplies as it deems necessary for the efficient operation,
administration and management of the System. Payment for such
equipment and supplies shall be made from the operating funds of the
System.
investment counselors, institutional custodian service and
commissions or other costs resulting from the purchase, sale or
other transfer of assets shall be paid from the fund.
B. Three percent (3%) of the funds disbursed to the State Board
under the provisions of Section 312.1 of Title 36 of the Oklahoma
Statutes shall be retained by the State Board for the purpose of
paying all costs and expenses, other than those provided for in
subsection A of this section, incurred in the operation,
administration and management of the System. At the close of each
fiscal year, any surplus shall be transferred to the Oklahoma
Firefighters Pension and Retirement Fund.
C. The State Board is authorized to purchase such equipment and
supplies as it deems necessary for the efficient operation,
administration and management of the System. Payment for such
equipment and supplies shall be made from the operating funds of the
System.
Status: in_force · Read it on the official government site
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