Okla. Stat. tit. 62, § 62-88.1B
This is the official text of Okla. Stat. tit. 62, § 62-88.1B, 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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Investment of linked deposit program monies
Official statutory text
Oklahoma Statutes - Title 62. Public Finance Page 302
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.
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.
Status: in_force · Read it on the official government site
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