Oklahoma SB957 modifies investment procedures for local governments by repealing and codifying certain sections of the Oklahoma Statutes.
Oklahoma SB957 repeals Sections 348.1 and 348.3 of Title 62 of the Oklahoma Statutes, which relate to the investment of funds by local governments. The bill codifies new investment procedures for local governments, specifying authorized investments and the need for a written investment policy. It declares an emergency, allowing the act to take effect immediately upon passage. The changes are set to become effective on July 1, 2025.
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- Legal Framework
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