Establishes the Oklahoma Teachers Legacy Fund with initial appropriations and investment guidelines.
The bill creates the Oklahoma Teachers Legacy Fund within the State Treasury. It appropriates funds from the General Revenue Fund for fiscal years ending June 30, 2023, and June 30, 2024. The fund will receive annual transfers from the General Revenue Fund, with amounts based on the fund's value increase. The State Treasurer is required to appoint investment managers who must maintain a diversified portfolio and may sell investments to maximize long-term returns. The fund's income and investment returns accrue to the fund.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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