SB957

Oklahoma SB957 modifies investment procedures for local governments, updating authorized investments and repealing outdated sections.

Oklahoma SB957 modifies investment procedures for local governments by updating the types of investments that can be made with public funds. The bill specifies that local governments must authorize investments through a written policy, considering safety and income. It lists new authorized investments, including federal government obligations, state investment grade obligations, and money market funds. The bill also repeals outdated sections related to investment procedures, effective July 1, 2025.