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ENGROSSED SENATE BILL NO.
An Act ENROLLED SENATE BILL NO.
Alvord of the Senate and Lawson of the House 5 An Act relating to public finance;
Alvord of the Senate and Lawson, Hildebrant, and Lepak of the House An Act relating to public finance;
BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SUBJECT:
Public finance BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
A ENGR.
A written investment policy shall, to the extent practicable, provide for the use of competitive bids when purchasing brokered securities.
S.
B.
NO.
957 Page 1 written investment policy shall, to the extent practicable, provide for the use of competitive bids when purchasing brokered securities.
ENGR.
4.
S.
B.
NO.
957 Page 2 4.
7.
ENR.
Prime banker’s acceptances which are eligible for purchase by the Federal Reserve System and which do not exceed two hundred seventy (270) days’ maturity;
provided, purchase of prime banker’s acceptances shall not exceed ten percent (10%) of the surplus funds of the political subdivision which may be invested according to this section;
however, the restrictions of this paragraph shall not apply to purchases of prime banker’s acceptances by qualified pooled investment programs established under paragraph 11 of this section;
ENGR.
957 Page 3 8.
957 Page 2 7.
Prime banker’s acceptances which are eligible for purchase by the Federal Reserve System and which do not exceed two hundred seventy (270) days’ maturity;
provided, purchase of prime banker’s acceptances shall not exceed ten percent (10%) of the surplus funds of the political subdivision which may be invested according to this section;
however, the restrictions of this paragraph shall not apply to purchases of prime banker’s acceptances by qualified pooled investment programs established under paragraph 11 of this section;
8.
Money market funds regulated by the United States Securities and Exchange Commission and which investments consist of those items and those restrictions specified in paragraphs 1 through 9 of this subsection;
Money market funds regulated by the United States Securities and Exchange Commission and which investments consist of those items and those restrictions specified in paragraphs 1 through of this subsection;
Any political subdivision which elects to participate in a local government investment pool shall be deemed to have authorized ENGR.
Any political subdivision which elects to participate in a local government investment pool shall be deemed to have authorized investments in the items specified in paragraphs 1 through 10 of subsection B, notwithstanding any differences in the written investment plans adopted by the governing body.
ENR.
957 Page 4 investments in the items specified in paragraphs 1 through 10 of subsection B, notwithstanding any differences in the written investment plans adopted by the governing body.
957 Page 3 D.
D.
ENGR.
ENR.
957 Page 5 Passed the Senate the 12th day of March, 2025.
957 Page 4 Passed the Senate the 12th day of March, 2025.
3 Presiding Officer of the Senate 5 Passed the House of Representatives the ____ day of __________, 2025.
Presiding Officer of the Senate Passed the House of Representatives the 30th day of April, 2025.
8 Presiding Officer of the House of Representatives ENGR.
Presiding Officer of the House of Representatives OFFICE OF THE GOVERNOR Received by the Office of the Governor this ____________________ day of ___________________, 20_______, at _______ o'clock _______ M.
By:
_________________________________ Approved by the Governor of the State of Oklahoma this _________ day of ___________________, 20_______, at _______ o'clock _______ M.
_________________________________ Governor of the State of Oklahoma OFFICE OF THE SECRETARY OF STATE Received by the Office of the Secretary of State this __________ day of __________________, 20 _______, at _______ o'clock _______ M.
By:
_________________________________ ENR.
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957 Page 5
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