Oklahoma HB3625 amends school fund investment rules, allowing treasurers to invest in U.S. government obligations and other specified instruments.
Oklahoma HB3625 modifies the investment guidelines for school district funds, allowing treasurers to invest in obligations of the United States government, its agencies, and instrumentalities. The bill specifies that these investments must be made in instruments such as federal agency obligations, federal-government-sponsored enterprise obligations, and other approved instruments. The board of education is required to establish a written investment policy that addresses liquidity, diversification, safety, yield, maturity, quality, and investment management capability.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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