Okla. Stat. tit. 60, § 60-177.3
This is the official text of Okla. Stat. tit. 60, § 60-177.3, part of Oklahoma’s Stat. tit. 60, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 60,." Browse the sections below, each linked to its official government source.
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Authorization of participation in short-term cash
Official statutory text
management program without Commission approval - Receipt of payment
or compensation for endorsement of short-term cash management
program by person not properly designated or registered - Violations
and penalties.
A. Any officer of a school district or county who authorizes
the participation of the school district or county to participate in
a short-term cash management program without the approval of the
Oklahoma Commission on School and County Funds Management or who
fraudulently submits any false or misleading information to the
Commission pursuant to Section 177.2 of Title 60 of the Oklahoma
Statutes, shall be deemed guilty of a misdemeanor and upon
conviction, shall be punished by a fine of not less than One
Thousand Dollars ($1,000.00) or imprisoned in the county jail for
not to exceed one (1) year, or by both such fine and imprisonment,
and shall forfeit and be removed from office pursuant to Section
1181 et seq. of Title 22 of the Oklahoma Statutes or Section 91 et
seq. of Title 51 of the Oklahoma Statutes. In addition, any
professional license issued to an officer by a state agency or
instrumentality who has been convicted of a misdemeanor pursuant to
this section shall be revoked.
B. Any person who receives any payment or compensation,
indirectly or directly, for the endorsement of any short-term cash
management program and who has not been properly designated or
registered, if registration is required, pursuant to subsection C of
Oklahoma Statutes - Title 60. Property Page 129
Section 177.2 of Title 60 of the Oklahoma Statutes, shall be guilty
of a misdemeanor and upon conviction, shall be punished according to
the penalties prescribed in subsection A of this section.
or compensation for endorsement of short-term cash management
program by person not properly designated or registered - Violations
and penalties.
A. Any officer of a school district or county who authorizes
the participation of the school district or county to participate in
a short-term cash management program without the approval of the
Oklahoma Commission on School and County Funds Management or who
fraudulently submits any false or misleading information to the
Commission pursuant to Section 177.2 of Title 60 of the Oklahoma
Statutes, shall be deemed guilty of a misdemeanor and upon
conviction, shall be punished by a fine of not less than One
Thousand Dollars ($1,000.00) or imprisoned in the county jail for
not to exceed one (1) year, or by both such fine and imprisonment,
and shall forfeit and be removed from office pursuant to Section
1181 et seq. of Title 22 of the Oklahoma Statutes or Section 91 et
seq. of Title 51 of the Oklahoma Statutes. In addition, any
professional license issued to an officer by a state agency or
instrumentality who has been convicted of a misdemeanor pursuant to
this section shall be revoked.
B. Any person who receives any payment or compensation,
indirectly or directly, for the endorsement of any short-term cash
management program and who has not been properly designated or
registered, if registration is required, pursuant to subsection C of
Oklahoma Statutes - Title 60. Property Page 129
Section 177.2 of Title 60 of the Oklahoma Statutes, shall be guilty
of a misdemeanor and upon conviction, shall be punished according to
the penalties prescribed in subsection A of this section.
Status: in_force · Read it on the official government site
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