Okla. Stat. tit. 62, § 62-2402
This is the official text of Okla. Stat. tit. 62, § 62-2402, part of Oklahoma’s Stat. tit. 62, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 62,." Browse the sections below, each linked to its official government source.
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Public entities authority to invest
Official statutory text
The following public entities are encouraged to and may invest
up to five percent (5%) of their rolling three (3) year assets under
management with the Invest In Oklahoma Program approved venture
capital and growth funds as provided in Section 2 of this act:
1. The Board of Investors of the Tobacco Settlement Endowment
Trust Fund;
2. The Commissioners of the Land Office;
3. The Teachers’ Retirement System of Oklahoma;
4. The Oklahoma Public Employees Retirement System;
5. The Oklahoma Firefighters Pension and Retirement System;
6. The Oklahoma Police Pension and Retirement System;
7. The Oklahoma Law Enforcement Retirement System;
8. The Uniform Retirement System for Justices and Judges; and
9. The Department of Wildlife Conservation Retirement Fund.
B. The State Treasurer, acting within parameters established by
the Invest in Oklahoma Board is authorized to and may place cash
balance amounts in service with the Invest In Oklahoma program. For
purposes of this subsection, the term "cash balance amounts" shall
not include any monies deposited in or directed for deposit to:
1. The General Revenue Fund;
2. The Revenue Stabilization Fund;
3. The Education Reform Revolving Fund;
4. The Rate Preservation Fund;
5. Any Fund created under the Oklahoma Constitution;
6. Any fund from which the Legislature through law has
authorized, appropriated, or transferred monies within the preceding
three (3) fiscal years; or
7. Any revolving fund in the State Treasury specified for
direct appropriation or authorization from the Legislature, or any
revolving fund assigned to a state agency, unless such state agency
specifically authorizes such investments from such fund and such
authorization was approved by Invest in Oklahoma Board.
up to five percent (5%) of their rolling three (3) year assets under
management with the Invest In Oklahoma Program approved venture
capital and growth funds as provided in Section 2 of this act:
1. The Board of Investors of the Tobacco Settlement Endowment
Trust Fund;
2. The Commissioners of the Land Office;
3. The Teachers’ Retirement System of Oklahoma;
4. The Oklahoma Public Employees Retirement System;
5. The Oklahoma Firefighters Pension and Retirement System;
6. The Oklahoma Police Pension and Retirement System;
7. The Oklahoma Law Enforcement Retirement System;
8. The Uniform Retirement System for Justices and Judges; and
9. The Department of Wildlife Conservation Retirement Fund.
B. The State Treasurer, acting within parameters established by
the Invest in Oklahoma Board is authorized to and may place cash
balance amounts in service with the Invest In Oklahoma program. For
purposes of this subsection, the term "cash balance amounts" shall
not include any monies deposited in or directed for deposit to:
1. The General Revenue Fund;
2. The Revenue Stabilization Fund;
3. The Education Reform Revolving Fund;
4. The Rate Preservation Fund;
5. Any Fund created under the Oklahoma Constitution;
6. Any fund from which the Legislature through law has
authorized, appropriated, or transferred monies within the preceding
three (3) fiscal years; or
7. Any revolving fund in the State Treasury specified for
direct appropriation or authorization from the Legislature, or any
revolving fund assigned to a state agency, unless such state agency
specifically authorizes such investments from such fund and such
authorization was approved by Invest in Oklahoma Board.
Status: in_force · Read it on the official government site
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