A. The State Treasurer shall prepare monthly and annual investment performance reports of the State Treasurer's Office in the form and manner required by the Cash Management and Investment Oversight Commission after consultation with the State Treasurer which summarize recent market conditions, economic developments and anticipated investment conditions and the investment plan performance, including portfolio diversification and rates of return measured against the investment plan of the State Treasury. The annual investment performance report shall be submitted to the Commission and shall be made within ninety (90) calendar days after the end of the fiscal year. The monthly investment performance reports shall be submitted to the Executive Review Committee and shall be made within thirty (30) days after the end of the applicable month. The investment performance reports shall specify the investment strategies employed in the most recent reporting period and describe the investment portfolio of the state in terms of:
1. Securities;
2. Maturities;
3. Fund type;
4. Financial institutions from which securities were purchased, including the amounts and the city and state of location;
5. Investment return compared to budgetary expectations;
6. Average yield; and
7. Average life of the portfolio.
The investment performance reports shall also indicate any areas of concern which the State Treasurer has concerning the basic investment strategies being employed. The investment performance reports shall contain:
B. To the extent that the State Treasurer should have reason to know, the State Treasurer shall also include in the investment performance reports a listing of all payments, fees, commissions, or other compensation received by any person, including but not limited to individuals, financial institutions, or investment companies or corporations, which have an investment agreement, contract, or other arrangement with the State Treasurer, or who receive any compensation as a result of a transaction involving the investment of state monies or funds or the purchase, sale, or trade of securities or bonds involving the Office of the State Treasurer. Said listings shall also include the social security or federal identification number of any person, including but not limited to individuals, financial institutions, or investment companies or corporations, receiving payments, fees, commissions, or other compensation.
C. The annual investment performance report shall be written in simple and easily understood language containing:
D. The State Treasurer shall distribute the investment performance reports to the Governor, the President Pro Tempore of the Senate, the Speaker of the House of Representatives, the State Auditor and Inspector, the Attorney General, and members of the Cash Management and Investment Oversight Commission. Upon request, the State Treasurer shall make the annual investment performance report available to the members of the Legislature and the general public. The annual investment performance report shall also include an investment plan for the ensuing fiscal year.
E. The State Treasurer shall require all employees in the State Treasury to sign an anti-collusion affidavit. Execution of a false affidavit shall make such employees subject to disciplinary action, including but not limited to termination, criminal prosecution or both.
F. The State Treasurer shall require an anti-collusion affidavit from brokers or other persons offering investment services to the State Treasury. The State Treasurer shall be prohibited from employing or doing business with any brokers or persons offering investment services to the State Treasury who have not executed such an affidavit.
G. The Cash Management and Investment Oversight Commission shall certify that the State Treasurer has delivered to the Commission the monthly and annual investment performance reports and the annual financial report required by this section. If the Commission determines that these reports have not been delivered by the State Treasurer as required by law, the Commission shall notify in writing the Governor, the Speaker of the House of Representatives, the President Pro Tempore of the Senate, the Attorney General, and the State Auditor and Inspector.
Added by Laws 1987, c. 194, § 13, operative July 1, 1987. Amended by Laws 1991, c. 207, § 5, eff. July 1, 1991; Laws 1994, c. 227, § 3, emerg. eff. May 24, 1994; Laws 1995, c. 88, § 5, eff. July 1, 1995; Laws 2010, c. 241, § 9, emerg. eff. May 10, 2010; Laws 2011, c. 261, § 3, eff. Nov. 1, 2011.
Structure Oklahoma Statutes
§62-13. Duties of Bond Commissioner - Certificate - Bonds incontestable after 30 days.
§62-14. Bond invalid without certificate.
§62-15. Issuance and sale of general obligation bonds – Procedures - Fees.
§62-34.3. Office of Management and Enterprise Services.
§62-34.3.1. Consolidated agencies.
§62-34.4. Revolving Fund for Office of Management and Enterprise Services.
§62-34.5. Director of the Office of Management and Enterprise Services - Appointment.
§62-34.6. General powers and duties of Director.
§62-34.7. Experts and assistants of Director.
§62-34.8. Public Information Officer subject to provisions of Merit System.
§62-34.9. Classification of funds - Manner of keeping fund accounts.
§62-34.10. Annual financial report - Accounting procedures and guidelines.
§62-34.11. Duties and functions of Division of Central Accounting and Reporting.
§62-34.11.1.1. Performance metrics – Data sets.
§62-34.11.1. Chief Information Officer.
§62-34.11.2. Oklahoma State Government 2.0 Initiative - Policies, schedules and standards.
§62-34.11.3. Oklahoma State Government Open Documents Initiative.
§62-34.11.4. Oklahoma State Government Forms One-Stop Initiative.
§62-34.11.5. Oklahoma State Government Geographic Information One-Stop Initiative.
§62-34.11.7. Statewide assistance program - Performance reporting metrics – Telework pilot program.
§62-34.11.8. Oklahoma State Government IT Project Monitoring and Transparency Initiative.
§62-34.11.9. Oklahoma State Government Business Licensing One-Stop Program.
§62-34.11.10. Oklahoma State Government Security Breach Transparency Initiative.
§62-34.12. Information Services Division - Powers and duties.
§62-34.12.1. High technology systems and upgrades and enhancements.
§62-34.13. Statement of charges.
§62-34.22. Telecommunications Revolving Fund.
§62-34.23. Oklahoma Government Telecommunications Network.
§62-34.24. State portal system.
§62-34.24.1. Web-based license and permit application and renewals required - Report.
§62-34.26. Open-systems concept.
§62-34.27. State Governmental Technology Applications Review Board.
§62-34.31.1. Software acquisition requests.
§62-34.31.2. State technology contracts.
§62-34.34. Preparation of budget by Director of Office of Management and Enterprise Services.
§62-34.35. Information furnished to the Director of Office of Management and Enterprise Services.
§62-34.36. Estimate of funds needed
§62-34.36.1. Written report required.
§62-34.37. Submission of budget - Plan of expenditures - Proposed revenues.
§62-34.38. Form of budget - Budget message - Budget estimates.
§62-34.39. Appropriations to state agency - Reduction.
§62-34.40. Segregation of lump sum appropriations.
§62-34.41. Availability of appropriations - Conditioned on budget resources being sufficient.
§62-34.42. Budget work programs.
§62-34.42.1. Annual disclosure of all federal funds under control of the entity.
§62-34.43. Itemization of data processing expenses - Budgeting and disbursement.
§62-34.44. Budget in year in which Governor-elect assumes office.
§62-34.45. Governor-elect and Lieutenant Governor-elect - Expenses prior to assuming office.
§62-34.48. Federal funds - Deposit and disbursement.
§62-34.49. Allotment of appropriations - Exemption of Legislature.
§62-34.50. Revenues not derived from legislative appropriations.
§62-34.52. Requests for budget category transfer.
§62-34.53. State System of Higher Education and institutions of higher education.
§62-34.54. General Revenue Cash-flow Reserve Fund - Transfer of funds.
§62-34.55. Transfer of treasury funds to General Revenue Cash-flow Reserve Fund.
§62-34.56. Special Agency Account Board.
§62-34.57. Agency clearing accounts - Deposits - Transfers - Exemptions.
§62-34.58. Information on income, disbursements and transfers.
§62-34.59. Withdrawals from agency clearing accounts and special accounts.
§62-34.60. Form and manner of issuing vouchers - Waiver.
§62-34.61. Commitment or expenditure of federal block grant funds - Preconditions.
§62-34.62. Encumbrance requirements for payment of state funds.
§62-34.64. Payment of claims or payrolls.
§62-34.65. Payment of vendor invoices.
§62-34.67. Claims and payrolls.
§62-34.68. Approval of claims and payrolls.
§62-34.69. Payroll Fund – Web-based access to employment and compensation information.
§62-34.70. Voluntary payroll deductions.
§62-34.70.1. Unlawful payroll deductions for membership dues - Definitions.
§62-34.71. Procedure to issue payment for goods and services.
§62-34.72. Procedure for payment of interest.
§62-34.74. Grievance - Remedy.
§62-34.78. Higher educational institution claim settlement systems.
§62-34.79. Transportation preaudit and settlement system for claims and payments.
§62-34.81. Replacement warrant or bond - Affidavit - Records.
§62-34.83. Nonpayable warrants – Notice – Claim custody and records.
§62-34.84. Deficiency certificates.
§62-34.85. Interest on warrants issued under deficiency certificates.
§62-34.87. Transfer of funds to Higher Learning Access Trust Fund.
§62-34.89. Education Reform Revolving Fund.
§62-34.90. Common Education Technology Revolving Fund.
§62-34.91. Higher Education Capital Revolving Fund.
§62-34.92. Oklahoma Student Aid Revolving Fund.
§62-34.96. Legislative Oversight Committee on State Budget Performance.
§62-34.100. Disclosure of disbursement of federal stimulus funds.
§62-34.102. Revenue Stabilization Fund.
§62-34.103. Revenue certification and apportionment by the State Board of Equalization.
§62-34.104. Revenue Stabilization Fund performance report.
§62-34.200-1. Debt affordability study.
§62-34.202. Policy changes – Thirty days written notice – Final notice.
§62-34.203. Request for proposal for ongoing maintenance of desktop support and management systems.
§62-34.501. Allocation of federal Coronavirus Aid, Relief, and Economic Security Act (CARES) funds.
§62-35.1. Information Technology Consolidation and Coordination Act.
§62-35.4. Information technology assets - Approval of Chief Information Officer.
§62-35.5. Integral information technology assets - Information technology positions - Assessment.
§62-35.6. Required information technology services and programs.
§62-35.6.1. Criminal Justice Information Systems Center for Excellence.
§62-35.6.2. Land Mobile Radio Public Safety Interoperability Cooperative
§62-35.7. Exemptions and extensions.
§62-35.9. Quarterly progress reports.
§62-36. Digital Transformation Program Revolving Fund.
§62-42.13. Revenues not derived from legislative appropriations.
§62-45.1. Short title – Duties of all state agencies.
§62-45.3. Agency strategic plan – Elements required – “Capital improvement” defined.
§62-45.7. Long-range strategic state plan.
§62-45.10. Agency performance reporting mechanisms - Development - Procedure.
§62-45.11. Program management and performance report.
§62-46. Short title – Definitions – Development and operation of website.
§62-46.1. Transfer of surplus funds accruing to General Revenue Fund to certain funds.
§62-46.2. Oklahoma Dynamic Economy and Budget Security Fund.
§62-46.3. Transfer of surplus funds accruing to General Revenue Fund for 2007.
§62-46.5. State Revenue Apportionment Evaluation Commission.
§62-46A. Measurable goal requirement.
§62-47. Creation of trust fund - Board of Investors abolished.
§62-48. Oklahoma Opportunity Fund.
§62-48.1. Legislative findings.
§62-48.2. See the following versions:
§62-48.2v1. Oklahoma Quick Action Closing Fund.
§62-48.2v2. Oklahoma Quick Action Closing Fund.
§62-49. Multi-year trend analysis of budget outlook
§62-50. Tobacco Settlement Fund - Monies.
§62-56. Creation and designation of fund - Deposits.
§62-57.2. Agency of state - Intent and purpose of act.
§62-57.3. Authority to issue and sell bonds - Pledges and covenants - Sinking fund.
§62-57.5. Sale of bonds to State Treasurer and Commissioners of Land Office.
§62-57.6. Sale of bonds not sold to State Treasurer or Commissioners of Land Office.
§62-57.8. Investments in bonds - Collateral security.
§62-57.9. Attorney General's certificate of regularity - Signatures and seals - Registration.
§62-57.10. Delivery of bonds - Deposit and investment of proceeds.
§62-57.12. Judicial approval of bonds.
§62-57.13. Intent as to use of existing resources.
§62-57.15. Intent and purpose.
§62-57.16. Building Bonds Commission as agency - Indebtedness - Purposes and limitation.
§62-57.17. Issuance and sale of bonds - Pledges and covenants - Sinking fund.
§62-57.18. Form and terms - Call and redemption - Negotiability - Tax exempt.
§62-57.19. Sales to State Treasurer and Commissioners of Land Office.
§62-57.20. Sales to others than Treasurer or Commissioners.
§62-57.22. Investment - Approval as collateral security.
§62-57.23. Attorney General's certificate - Registration - Signatures and seals.
§62-57.24. Delivery of bonds upon payment - Deposit and investment of proceeds.
§62-57.26. Approval of bonds by Supreme Court.
§62-57.27. Intent as to resources of state.
§62-57.31. Intent and purpose.
§62-57.32. Building Bonds Commission - Indebtedness - Purposes.
§62-57.33. Issuance and sale of bonds - Pledges - Sinking fund.
§62-57.34. Form and terms - Call and redemption - Negotiability - Tax exemption.
§62-57.35. Advertisement and sale of bonds.
§62-57.37. Investment - Approval as collateral security.
§62-57.38. Certificate of Attorney General - Signatures and seals.
§62-57.39. Delivery of bonds upon payment - Deposit and investment of proceeds - Interest.
§62-57.40. Investment of sinking fund monies.
§62-57.42. Approval of bonds by Supreme Court.
§62-57.43. Attorney General as representative of Commission.
§62-57.51. Intent and purpose.
§62-57.52. Building Bonds Commission as agency - Indebtedness - Purposes.
§62-57.53. Issuance and sale of bonds - Pledges and covenants - Sinking fund.
§62-57.54. Form and terms - Call and redemption - Negotiability - Tax exemption.
§62-57.55. Sale of bonds to State Treasurer.
§62-57.56. Certificate of Attorney General - Signatures and seals.
§62-57.57. Delivery of bonds upon payment - Deposit and investment of proceeds - Interest.
§62-57.58. Investment of sinking fund monies.
§62-57.59. Approval of bonds by Supreme Court.
§62-57.60. Attorney General as representative of Commission.
§62-57.62. Building Bonds Commission as agency - Indebtedness - Purposes.
§62-57.63. Issuance and sale of bonds - Pledges - Sinking fund.
§62-57.64. Form and terms - Call and redemption - Negotiability - Tax exemption.
§62-57.65. Advertisement and sale of bonds.
§62-57.67. Investment - Approval as collateral security.
§62-57.68. Certificate of Attorney General - Signatures and seals.
§62-57.69. Delivery of bonds upon payment - Deposit and investment of proceeds - Interest.
§62-57.70. Investment of sinking fund monies.
§62-57.72. Approval of bonds by Supreme Court.
§62-57.73. Attorney General as representative of Commission.
§62-57.75. Building Bonds of 1950 - Cancellation of interest.
§62-57.76. Building Bonds of 1955 - Cancellation of interest.
§62-57.77. Building Bonds of 1965 - Cancellation of interest.
§62-57.78. Reserve fund of 1965 - Cancellation.
§62-57.82. Agency for issue and sale - Institutional bonds of 1965.
§62-57.84. Serial coupon bonds - Maturities - Interest payment dates - Call.
§62-57.85. Advertisement for bids - Interest - Deposit.
§62-57.89. Delivery - Deposit of proceeds - Investment of surplus.
§62-57.90. Investment of sinking fund.
§62-57.91. Judicial approval of series.
§62-57.102. Agency for issue and sale.
§62-57.104. Serial coupon bonds - Maturities - Interest payment dates - Call and redemption.
§62-57.105. Advertisement for bids - Interest - Deposit.
§62-57.107. Legal investments.
§62-57.109. Delivery - Deposit of proceeds - Investment of surplus.
§62-57.110. Investment of sinking fund.
§62-57.111. Judicial approval of Series D Bonds.
§62-57.112. Attorney General to represent Commission.
§62-57.122. Building Bonds Commission as agency - Indebtedness - Purposes.
§62-57.123. Issuance and sale of bonds - Series.
§62-57.124. Pledge of cigarette tax.
§62-57.126. Deposits for payment of principal.
§62-57.127. Pledges and covenants.
§62-57.129. Advertisement and sale of bonds.
§62-57.131. Investment - Approval as collateral security.
§62-57.132. Certificate of Attorney General - Signatures and seals.
§62-57.133. Delivery of bonds upon payment - Deposit and investment of proceeds - Interest.
§62-57.134. Investment of sinking fund monies.
§62-57.135. Approval of bonds by Supreme Court.
§62-57.151. Sale and issuance of bonds authorized - Amount.
§62-57.152. Schedule for payments into sinking fund.
§62-57.153. Schedule of repayment - Interest.
§62-57.155. Deposit of proceeds - Investment.
§62-57.161. Sale and issuance of bonds authorized - Amount.
§62-57.162. Schedule for payments into Sinking Fund.
§62-57.163. Schedule of repayment - Interest.
§62-57.165. Deposit of proceeds - Investment.
§62-57.171. Sale and issuance of bonds authorized - Amount.
§62-57.172. Schedule for payments into sinking fund.
§62-57.173. Schedule of repayment - Interest.
§62-57.175. Deposit of proceeds - Investment.
§62-57.176. Attorney General to handle legal work.
§62-57.181. Sale and issuance of bonds authorized - Amount.
§62-57.182. Schedule for payments into Sinking Fund.
§62-57.183. Schedule of repayment - Interest.
§62-57.185. Deposit of proceeds - Investment.
§62-57.189. Contracts - Supervision of expenditures.
§62-57.190. Federal aid and assistance.
§62-57.191. Attorney General to handle legal work.
§62-57.301. Intent and purpose.
§62-57.306. Oklahoma Building Bonds of 1992 Fund - Investment of funds.
§62-57.307. Procedures and requirements for advertisement and sale of bonds.
§62-57.308. Maximizing college savings bond program.
§62-57.310. Investment in bonds issued under act - Use as collateral security.
§62-57.312. Investment of sinking fund monies - Deposit of earnings.
§62-57.313. Filing application with Supreme Court for determination on bonds.
§62-57.316. Refinancing and restructuring of outstanding obligations - Pledge of tax revenue.
§62-71.1. Cash Management and Investment Oversight Commission.
§62-71.2. State Treasurer purchasing authorization - Exemption.
§62-72.3. Necessity of security - Exemptions.
§62-72.4. Deposit of collateral securities or instruments.
§62-72.4a. Public trusts - Restrictions on deposits - Exceptions.
§62-72.5. Securities eligible for securing public deposits.
§62-72.6. Default or insolvency of public depository.
§62-72.7. Liability of State Treasurer on default or insolvency of public depository.
§62-80. Actions to enforce provisions of act.
§62-81. Penalty for violation.
§62-82. Commissioner of Highways, interest on funds to credit of.
§62-85. Obligations of bank not impaired.
§62-88.1B. Investment of linked deposit program monies.
§62-88.4. Administration and implementation of program - Annual report.
§62-88.6. Funding of approved loans.
§62-88.7. Liability of state and State Treasurer on loans - Default in payment of loan.
§62-88.9. Collateralizing funds.
§62-89.1a. Investment with state financial institutions at less than competitive market rate.
§62-89.2. Investment of funds by State Treasurer.
§62-89.4. Public inspection of records.
§62-89.5. State Treasurer's Revolving Fund - Employees; duties and compensation.
§62-89.7. Investment performance reports.
§62-89.11. Recording and auditing of transactions.
§62-90. Securities lending program - Securities Lending and Custodial Fee Revolving Fund.
§62-90.3. Rural Economic Development Loan Program.
§62-90.5. Conditions for making loans - Review of applications - Certification of good standing.
§62-90.8. Rural Economic Development Loan Revolving Fund.
§62-90.9. Employment created not to be counted in determination of gross payroll.
§62-91.4. Dissemination of information about program.
§62-91.5. Administrator and certifying agency – Powers and duties.
§62-91.7. Acceptance or rejection of loan package – Rural housing linked deposit agreements.
§62-91.8. Funding of loans – Reduced interest rate.
§62-91.9. Liability of state and certifying agency for loan payments.
§62-111. Registered bonds issued on surrender of coupon bonds.
§62-112. Forms, terms and conditions of bonds issued.
§62-114. Register of bonds - Interest.
§62-115. Issuance of bonds - Attorney General's duties.
§62-120.2. Deposit of cash proceeds in revolving fund.
§62-120.3. Advertisement and bids.
§62-139.42. The State Emergency Fund.
§62-139.45. Expenditures for unforeseen emergencies.
§62-139.47. Specified emergencies - Expenditures without Board action.
§62-139.48. Other emergencies - Expenditures.
§62-139.49. Approval of Governor.
§62-155. State boards, commissions and departments - Revolving funds created.
§62-156. Education Television Authority Revolving Fund.
§62-157. Will Rogers Memorial Revolving Fund
§62-157.1. Deposit of monies accruing from rule of Will Rogers Papers
§62-158. Teachers' Retirement System Revolving Fund.
§62-159. State Election Board Revolving Fund.
§62-159.1. State Senate Revolving Fund.
§62-159.2. House of Representatives Revolving Fund.
§62-160.1. Comprehensive Cancer Center Debt Service Revolving Fund.
§62-160.2. Oklahoma State University College of Osteopathic Medicine Revolving Fund.
§62-161. Revolving funds created.
§62-165. Educational and eleemosynary institutions.
§62-173. Appropriations not part of revolving fund unless so provided.
§62-178. Composition of fund - Appropriations and incomes.
§62-179. Use of fund - Consent of Governor.
§62-182. Appropriation to be placed in fund.
§62-183. Purposes for which fund expended.
§62-186. School for blind - Revolving fund created.
§62-189. Purposes for which fund expended.
§62-193. Ad Valorem Reimbursement Fund - Claims - Distribution of funds.
§62-194. State Land Reimbursement Fund - Payment - Apportionment by county treasurer.
§62-195. Funds created - Maximum amounts - Forms, systems and procedures.
§62-203. Apportionment of monies to General Revenue Fund - Exceptions.
§62-204. Disposition of monies received from United States under Flood Control Act.
§62-211. Fees - Payment into General Revenue Fund of state.
§62-213. Failure or refusal to file reports - Misdemeanor.
§62-214. State Capitol Building - Boards not to maintain offices in.
§62-221. Oklahoma Tax Commission Fund - Nature of fund - Expenditures.
§62-254. Oklahoma Pension Improvement Revolving Fund
§62-255. Statewide Recovery Fund.
§62-255.2. Pandemic Relief Primary Source Revolving Fund.
§62-255.3. Pandemic Relief Secondary Source Revolving Fund.
§62-255.4. Workforce Coordination Revolving Fund.
§62-256. Progressing Rural Economic Prosperity Fund (PREP Fund).
§62-261. Payments to State Treasurer.
§62-263. State checks or vouchers unpaid after 90 days - Cancellation.
§62-275.2. Destruction of warrant registers after warrants microfilmed or duplicated.