Okla. Stat. tit. 62, § 62-89.1a
This is the official text of Okla. Stat. tit. 62, § 62-89.1a, 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 with state financial institutions at less
Official statutory text
than competitive market rate.
In order to help provide for the capital needs of this state,
the State Treasurer may invest monies at less than competitive
market rates with financial institutions of this state. Not more
than ten percent (10%) of all monies available to the State
Treasurer for investment purposes or One Hundred Million Dollars
($100,000,000.00), whichever is less, shall be invested as provided
for in this section. Such investments shall earn not less than the
rate for comparable maturities on United States Treasury
obligations.
Provided, no more than Ten Million Dollars ($10,000,000.00) of
monies specified in this section shall be invested in any one
financial institution and no monies specified in this section shall
be invested in a financial institution that has a loan-to-deposit
ratio of less than fifty percent (50%).
In order to help provide for the capital needs of this state,
the State Treasurer may invest monies at less than competitive
market rates with financial institutions of this state. Not more
than ten percent (10%) of all monies available to the State
Treasurer for investment purposes or One Hundred Million Dollars
($100,000,000.00), whichever is less, shall be invested as provided
for in this section. Such investments shall earn not less than the
rate for comparable maturities on United States Treasury
obligations.
Provided, no more than Ten Million Dollars ($10,000,000.00) of
monies specified in this section shall be invested in any one
financial institution and no monies specified in this section shall
be invested in a financial institution that has a loan-to-deposit
ratio of less than fifty percent (50%).
Status: in_force · Read it on the official government site
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