Okla. Stat. tit. 62, § 62-47
This is the official text of Okla. Stat. tit. 62, § 62-47, 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.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Creation of trust fund - Board of Investors abolished
Official statutory text
A. There is hereby created a trust fund for Economic
Development Generating Excellence to be known as the "EDGE Fund".
The trust fund principal shall consist of all funds appropriated,
transferred, donated or otherwise directed to the fund by law.
B. The Board of Investors of the EDGE Fund is hereby abolished
and the powers and duties previously conferred upon the Board are
hereby transferred to the State Treasurer. The cost of up to two
full-time-equivalent employees for the Office of the State Treasurer
may be considered an administrative expense of the EDGE Fund until
such time as the entire amount of the EDGE Fund has been transferred
as provided in subsection C of this section.
C. On and after July 1, 2012, the State Treasurer shall not
further invest monies or assets of the EDGE Fund. As funds become
available from investments made prior to July 1, 2012, by the Board
of Investors of the EDGE Fund, the State Treasurer shall transfer
such funds as follows:
1. Interest or other proceeds earned on investments made prior
to July 1, 2012, other than such interest or proceeds otherwise
encumbered prior to May 25, 2012, shall be deposited to the Oklahoma
Quick Action Closing Fund created in Section 48.2 of this title; and
2. The principal of any investments made prior to July 1, 2012,
and maturing or otherwise available for expenditure on or after July
1, 2012, shall be deposited to the Oklahoma State Regents Endowment
Trust Fund created in Section 3951 of Title 70 of the Oklahoma
Statutes.
Development Generating Excellence to be known as the "EDGE Fund".
The trust fund principal shall consist of all funds appropriated,
transferred, donated or otherwise directed to the fund by law.
B. The Board of Investors of the EDGE Fund is hereby abolished
and the powers and duties previously conferred upon the Board are
hereby transferred to the State Treasurer. The cost of up to two
full-time-equivalent employees for the Office of the State Treasurer
may be considered an administrative expense of the EDGE Fund until
such time as the entire amount of the EDGE Fund has been transferred
as provided in subsection C of this section.
C. On and after July 1, 2012, the State Treasurer shall not
further invest monies or assets of the EDGE Fund. As funds become
available from investments made prior to July 1, 2012, by the Board
of Investors of the EDGE Fund, the State Treasurer shall transfer
such funds as follows:
1. Interest or other proceeds earned on investments made prior
to July 1, 2012, other than such interest or proceeds otherwise
encumbered prior to May 25, 2012, shall be deposited to the Oklahoma
Quick Action Closing Fund created in Section 48.2 of this title; and
2. The principal of any investments made prior to July 1, 2012,
and maturing or otherwise available for expenditure on or after July
1, 2012, shall be deposited to the Oklahoma State Regents Endowment
Trust Fund created in Section 3951 of Title 70 of the Oklahoma
Statutes.
Status: in_force · Read it on the official government site
Need a lawyer in Oklahoma?
Find a Oklahoma lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.