Oklahoma HB3337 modifies fees for returned checks, rejected warrant items, and stop-payment items, and establishes a Securities Lending and Custodial.
Oklahoma HB3337 amends the fees the State Treasurer can charge for returned checks, rejected warrant items, and stop-payment items. It sets a fee of $25 for returned checks, $5 per item for rejected warrant items, and $15 for stop-payment items. The bill also creates a Securities Lending and Custodial Fee Revolving Fund in the State Treasury. This fund is intended to manage fees related to securities lending programs, ensuring that any excess funds are deposited into the General Revenue Fund. The act declares an emergency, allowing it to take effect immediately upon passage.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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