A. The Oklahoma State Pension Commission shall:
1. Publish, on a quarterly basis, a performance report analyzing the performance of the Oklahoma Firefighters Pension and Retirement System, the Oklahoma Police Pension and Retirement System, the Uniform Retirement System for Justices and Judges, the Oklahoma Law Enforcement Retirement System, the Teachers' Retirement System of Oklahoma, the Oklahoma Public Employees Retirement System and the retirement plan adopted by the Wildlife Conservation Commission on an individual and consolidated basis. The Commission shall establish a format for use by each of the state retirement systems in submitting the information requested by the Commission for the report. The report shall contain:
2. Publish widely an annual report in simple and easily understood language containing:
3. Make recommendations to the Governor, the Speaker of the House of Representatives and the President Pro Tempore of the State Senate, based upon the advice of pension consultants, for updating or standardizing retirement system benefit designs; and
4. Make recommendations to the Governor, the Speaker of the House of Representatives and the President Pro Tempore of the State Senate regarding the methods for the adequate financing of benefits authorized or required by law for performance of service upon behalf of employers participating in any of the retirement systems administered by the entities identified in paragraph 1 of this subsection, including, but not limited to, recommendations regarding the use of dedicated tax or other revenue sources or the modification of such tax or other revenue sources to provide additional funding to retirement systems the actuarial condition of which would benefit from such sources.
B. The Commission shall distribute its reports and recommendations to the Governor, the President Pro Tempore of the Senate, the Speaker of the House of Representatives and the chairman and vice-chairman of the Joint Committee on Fiscal Operations. The Commission shall make the reports widely available to the members of the Legislature, members of the retirement systems and the general public.
C. The Commission shall hire one or more pension fund management consultants to assist the Commission in accomplishing its objectives specified in subsection A of this section. Consultants shall be chosen by a solicitation of proposals on a competitive bid basis pursuant to standards set by the Commission. A consultant:
1. Shall be experienced in providing unbiased third-party consulting services;
2. Shall have in its client base individual clients that are comparable in size to the combined total assets of the retirement systems specified in paragraph 1 of subsection A of this section; and
3. Shall not be under contract with any of the individual governing bodies of the various state retirement systems.
D. For purposes of this subsection, pension fund management consultants hired by the Commission are hereby considered fiduciaries of the state retirement systems.
1. A fiduciary with respect to the state retirement systems shall not cause or advise a retirement system to engage in a transaction if the fiduciary knows or should know that such transaction constitutes a direct or indirect:
2. A fiduciary with respect to the state retirement systems shall not:
Added by Laws 1988, c. 321, § 39, operative July 1, 1988. Amended by Laws 1993, c. 322, § 30, emerg. eff. June 7, 1993; Laws 2002, c. 391, § 2, eff. July 1, 2002; Laws 2003, c. 90, § 1, emerg. eff. April 15, 2003; Laws 2011, c. 379, § 8, eff. Sept. 1, 2011; Laws 2016, c. 45, § 1, eff. Nov. 1, 2016.
Structure Oklahoma Statutes
§74-2. May remove officers appointed.
§74-2.1. Filing of Gubernatorial appointments with Senate.
§74-2.2. Vacancies requiring legislative confirmation - Interim appointments.
§74-2.3. "Congressional district" defined.
§74-2.4. Change in number of congressional districts - Conflicts in board membership requirements.
§74-3.1. Recording of official acts
§74-4. Military record to be kept.
§74-6. May employ counsel for State.
§74-7. Maintenance of Governor's mansion.
§74-8. Governor - Incapacity - Devolution of powers and duties.
§74-9.2. SECTION 74-9.2 Other necessary committees - Expenses.
§74-9.23. Director - Appointment, duties and compensation of employees
§74-9.25. Assistance of Governor's advisory committees.
§74-9.26. Governor's Advisory Committee to the Office of Disability Concerns.
§74-9.27. Rules and regulations.
§74-9.27A. Client Assistance Program.
§74-9.29. The Governor's Advisory Committee on Employment of People with Disabilities - Creation.
§74-9.30. Purpose of act - Cooperation with other agencies.
§74-9.32. Executive committee.
§74-9.33. Office of Disability Concerns Revolving Fund.
§74-9.34. Gifts, donations, bequests or grants.
§74-9.35. Nonpartisan and nonprofit character of Committee.
§74-10. Compensation when acting as Governor.
§74-10.3. Cabinet system to be created.
§74-18. Attorney General as chief law officer.
§74-18b. See the following versions:
§74-18d. District attorneys, aiding and requiring aid of.
§74-18e. Criminal actions - Quo warranto - Appearance before grand juries.
§74-18g. Appearance not waiver of immunity of State.
§74-18l. Collection of fees for legal services from certain agencies.
§74-18n-1. Insurance Fraud Unit.
§74-18n-2. Power of Attorney General to investigate insurance fraud – Confidentiality of records.
§74-18p-1. Victims Services Unit.
§74-18p-2. Domestic Violence and Sexual Assault Advisory Council.
§74-18p-5. Statewide telephone communication service for victims.
§74-18p-8. Oversight by Attorney General - Collection and confidentiality of information records.
§74-18p-9. Crime victim and witness notification and victim protective order system.
§74-18p-10. Oklahoma Witness Protection Program.
§74-18q. State Reserved Powers Protection Unit.
§74-18r. Human Trafficking Response Unit.
§74-19.1. Attorney General's Law Enforcement Revolving Fund.
§74-19.2. Attorney General's Workers' Compensation Fraud Unit Revolving Fund.
§74-19.3. Attorney General’s Insurance Fraud Unit Revolving Fund.
§74-19a. Disbursements - Audits.
§74-20f. State officer or employee - Legal defense services.
§74-20g. Defense duties - Evidence
§74-20k. Justice Reinvestment Grant Program.
§74-20l. Collection of information by the Office of Attorney General.
§74-21b. Assistant Attorneys General - Other employees - Appointments - Duties and compensation.
§74-28. First Assistant Attorney General.
§74-28c. Appointment of assistants and employees - Term.
§74-28d. Certain offices not affected by this act.
§74-29. Designation as Natural Gas Curtailment and Regulation Hearings Counsel.
§74-30.1. Short title - Oklahoma Commission on Opioid Abuse Act.
§74-30.2. Creation of Commission – Members - Duties.
§74-30.3. Short title - Political Subdivisions Opioid Abatement Grants Act.
§74-30.6. Oklahoma Opioid Abatement Revolving Fund.
§74-30.7. Oklahoma Opioid Abatement Board.
§74-30.8. Disbursement of grants.
§74-30a. Legislative findings.
§74-30d. Termination of Board.
§74-51.1. Oklahoma Office of Homeland Security.
§74-51.1a. Interoperable public safety communications planning.
§74-51.2. Oklahoma Homeland Security Revolving Fund.
§74-51.2a. Emergency preparedness grants.
§74-51.2b. Oklahoma School Security Grant Program Act.
§74-51.2c. Oklahoma School Security Revolving Fund.
§74-51.2d. Oklahoma School Security Institute.
§74-51.3. Regional advisory councils.
§74-61.3. Experts and assistants.
§74-61.8. Reduction of property owned and leased by the state.
§74-62.5. Special cash fund - Creation.
§74-62.6. List of surplus property - Authorization to sell, trade or redistribute.
§74-62.8. Acquisition of fire protection equipment or vehicles.
§74-63. General powers and authority of Office of Management and Enterprise Services.
§74-63.1. Building and Facility Revolving Fund.
§74-63.2. Asbestos Abatement Revolving Fund.
§74-63.4. State Surplus Auction petty cash fund.
§74-63.6. Alternative process for certain business operations - Academic health centers
§74-66. Restrictions - Interest in other business or in state contracts.
§74-71. Taking of rebates by officer of Office of Management and Enterprise Services a felony.
§74-72. Monuments and markers.
§74-74.1. Regional service offices - Assistance to state agencies - Priority of buildings used.
§74-75. Capitol Cafeteria Revolving Fund - Establishment - Use.
§74-75a. Capitol cafeteria petty cash fund.
§74-76. Mailing service - Interagency communications and deposit of state mail.
§74-76a. Appropriations for mailing service - Statement of operations.
§74-76b. Financial statement of mailing service.
§74-76c. Postal Services Revolving Fund.
§74-77d. Oklahoma War Veterans Commission - Assignment of building.
§74-78a. Requisition of motor vehicles.
§74-78b. State agencies - Notice of disposal of vehicles - When disposal permitted.
§74-78c. State Fleet Management Fund.
§74-78e. Fleet Management Division.
§74-78f. Compressed natural gas (CNG) fueling stations.
§74-80.1. Fleet Management Division – Exchange of information.
§74-85.1. Short title - Oklahoma Central Purchasing Act.
§74-85.3A. Exempted entities - State purchasing contracts advisory committee.
§74-85.5. Powers and duties of State Purchasing Director.
§74-85.5.1. Privatization Projects.
§74-85.5a. State purchase card program.
§74-85.6. Grade and quality of acquisitions.
§74-85.7. Acquisition initiation – Submission of requisition.
§74-85.12. Act not to affect nonconflicting procedures — Acquisitions excluded.
§74-85.12b. Leasing, chartering or contracting for aircraft.
§74-85.17A. Bidding preferences - Reciprocity - Awarding contracts.
§74-85.22. Competitive bid or contract for goods or services – Form of certification.
§74-85.33. Registration of State Vendors Revolving Fund.
§74-85.33A. Contract Management Revolving Fund.
§74-85.39. Agency internal purchasing procedures.
§74-85.40. Travel expenses to be included in bid, proposal, or quotation.
§74-85.41. Professional services contracts.
§74-85.41A. Emergency acquisitions.
§74-85.42. One-year limitation on entering contracts with certain persons - Exceptions.
§74-85.43. Annual report of acquisitions.
§74-85.44B. Payment for goods or services pursuant to contract.
§74-85.44D.1. Sole source or sole brand acquisition.
§74-85.44E. Disabled Veteran Businesses – Bonus preference.
§74-85.45. Oklahoma Minority Business Enterprise Assistance Act.
§74-85.45a. Legislative intent.
§74-85.45c. Bid-preference program.
§74-85.45d. Inability to award contract under preference program.
§74-85.45e. Certification as minority business enterprise.
§74-85.45f. Report on contracts awarded to minority business.
§74-85.45g. Assignment of contracts.
§74-85.45h. Prohibited acts - Penalty.
§74-85.45i. Studies to determine disparity in minority business.
§74-85.45j.11. Oklahoma Supplier Diversity Initiative.
§74-85.45k. State Travel Office.
§74-85.45l. Trip Optimizer system – Purpose and application - Exceptions.
§74-85.47b. Administrator - Powers and duties.
§74-85.47c. Small Business Surety Bond Guaranty Fund.
§74-85.47d. Guaranty capabilities of program - Terms of guaranty - Establishment of indemnity fund.
§74-85.47e. Requirements to obtain surety bond guaranty - Applications.
§74-85.47f. Premiums and fees.
§74-85.47g. Administration of program.
§74-85.47h. Prohibited acts - Penalties.
§74-85.47i. Implementation of act - Rules and regulations.
§74-85.47j. Liability of state limited.
§74-85.52. Intent of Legislature - Implementation of act - Exemptions.
§74-85.54. Division and Director - Duties and responsibilities.
§74-85.55. Public entities - Powers, duties and responsibilities.
§74-85.55a. Information clearinghouse - Joint agreements and contracts - Interstate transactions.
§74-85.56. State Recycling Revolving Fund - Use of revenues from sale of waste materials.
§74-85.58B. Risk management insurance coverage - Fire protection.
§74-85.58C. Risk management insurance coverage - Rural gas districts.
§74-85.58D. Risk Management Fire Protection Revolving Fund.
§74-85.58E. Risk management insurance coverage - Transportation for the elderly and handicapped.
§74-85.58F. Tort liability coverage for counties providing juvenile detention facilities.
§74-85.58G. Risk Management Elderly and Handicapped Transportation Revolving Fund.
§74-85.58I. Conservation districts - Participation in the Risk Management Program.
§74-85.58J. Foster family homes - Property and casualty insurance.
§74-85.58K. Risk Management Revolving Fund.
§74-85.58L. Risk Management Political Subdivision Participation Revolving Fund.
§74-85.58N. Quick Settlement Account.
§74-85.58P. Risk Management Public Transit Revolving Fund.
§74-85.58Q. Purchase of blanket bond for state officers and employees - Bond exclusive.
§74-85.58R. Elective state officers - Blanket bond.
§74-85.58S. Classification of officers and employees for coverage under bond.
§74-85.58T. Schedule of amounts of surety required.
§74-85.58U. Statutorily required bonds.
§74-85.58V. Purchasing Division to purchase all bonds - Payment of premiums - Approval.
§74-88.2. Report of deviation.
§74-90.2. Payment of postal expense.
§74-90.4. Installation cost and rental fees - Payment.
§74-90.6. Purchase of imported beef by state agencies and political subdivision prohibited.
§74-95. Trade or transfer of products of state institutions.
§74-109.1. Renumbered as § 320 of Title 61 by Laws 2013, c. 209, § 32, eff. July 1, 2013.
§74-110.1. Inventory by Office of Management and Enterprise Services.
§74-110.2. Inventory records of departments, boards, etc.
§74-110.3. State agencies - Inventory record of motor vehicles.
§74-110.4. Higher Education Facilities Revolving Fund – Accounts and purpose.
§74-111. Office of State Printer abolished - Duties transferred - Letting contracts.
§74-121. Contract for auditing of books of state commissions or departments.
§74-123f. Convict-made goods - Sale or distribution prohibited - Exceptions.
§74-130. Alternative fuels - Transfer of powers, duties and responsibilities.
§74-130.3. Conversion of school and government vehicles to operate on alternative fuel.
§74-130.4. Oklahoma Alternative Fuels Conversion Fund.
§74-130.6. Fund expenditures not deemed debt of government entity.
§74-130.7. Compliance with Act.
§74-130.8. Pricing and selling of transportation fuels not to be regulated by governmental entity.
§74-130.9. Rules and regulations.
§74-130.25. Compressed Natural Gas Conversion Safety and Regulation Fund.
§74-150.3. State Bureau of Investigation Commission.
§74-150.4. Commission - Powers and duties.
§74-150.5. Investigations - Persons to initiate request.
§74-150.6. Director - Qualifications
§74-150.7. Director - Powers and duties.
§74-150.7a. Motor vehicle theft unit.
§74-150.7b. Disclosure of motor vehicle theft or insurance fraud - Definitions.
§74-150.7e. Liability of insurer.
§74-150.7f. Violations - Penalties.
§74-150.8a. Employee performance recognition program - Awards.
§74-150.9b. National Crime Prevention and Privacy Compact.
§74-150.10. Uniform crime reporting system.
§74-150.11. Evidentiary property – Disposition.
§74-150.12. Mandatory reporting of fingerprint and criminal history information.
§74-150.12B. Forms for reporting domestic abuse - Report of incidents.
§74-150.13. Rangers - Appointment.
§74-150.13A. Oil and gas industry crimes - Special officers.
§74-150.16. Rental or charter of aircraft.
§74-150.17a. Transfers of Criminal Justice Resource Center functions.
§74-150.19a. OSBI Revolving Fund.
§74-150.21. Legal division established - Duties - Restrictions.
§74-150.21a. Crimes information unit.
§74-150.21b. OSBI reports concerning use of deadly force.
§74-150.22. Special motor carrier enforcement officers - Transfer to State Bureau of Investigation.
§74-150.26. Information transmittal - Forms and procedures.
§74-150.27a. OSBI Combined DNA Index System (CODIS) Database.
§74-150.28a. Statewide electronic tracking system for sexual assault evidence collection kits.
§74-150.28b. Standardized sexual assault evidence kit.
§74-150.28c. Priority protocol for testing untested sexual assault evidence kits.
§74-150.30. Audits of petty cash fund.
§74-150.31. Business operations - Rules and procedures - Accounts receivable.
§74-150.32. Firearms Laboratory Improvement Fund.
§74-150.34. Judicial background investigations.
§74-150.35. Forensic Science Improvement Revolving Fund – Creation - Use of fund
§74-150.37. Definitions - Accreditation - Evidence in criminal trials.
§74-150.38. Child Abuse Response Team (CART) - Employees - Qualifications - Report.
§74-151.1. Internet Crimes Against Children unit - Local cooperative agreements.
§74-151.3. Unidentified persons – Missing persons – Data procedures.
§74-152.3. Additional powers and duties of Bureau.
§74-152.4. Oil reclamation - Inspections.
§74-152.5. Disposition of monies - Reports - Oil and Gas Theft Recovery Revolving Fund.
§74-152.7. Failure to stop vehicle or permit inspection - Penalties - Disposition of monies.
§74-152.9. Seizure and forfeiture proceedings.
§74-152.10. Additional employees for investigation of oil field theft and fraud.
§74-152.11. Bill of sale or invoice – Records - Violation.
§74-166.1. Creation - Director - Contracts.
§74-166.2. Commission for Rehabilitation Services - Powers and duties.
§74-166.3. Meetings - Secretary - Employees - Office.
§74-166.4. Transfer of Rehabilitation Services Division of Department of Human Services.
§74-166.7. Rehabilitation Services Disbursing Fund.
§74-166.9. Donations of tax refunds to School for the Blind/School for the Deaf – Revolving fund.
§74-166.10. Short title - Purpose.
§74-166.11. Ticket to Work and Self-Sufficiency Program.
§74-168.1. Travis Leon Harris Building - Designation.
§74-168.2. Travis Leon Harris Building - Marker.
§74-174. Investigation of state eleemosynary institutions.
§74-175. Report to Governor of investigation.
§74-177. Investigation of complaints against hospitals and homes.
§74-188. Inspection of domiciliary facilities.
§74-190. Transfer of employees to State Commissioner of Health - Status.
§74-191. Transfer of employees from other state agencies - Status.
§74-192. Inspection of city and county jails - Standards.
§74-193. Right of entry - Report of inspection.
§74-194. Deficient facility - Closing.
§74-195. Contracts for incarceration of prisoners.
§74-197. Administrative Procedures Act - Application.
§74-212.2. Contracting with counties for development of uniform computer systems.
§74-212.3. Form for joint school district millage certifications.
§74-212.4. Assistants to State Auditor and Inspector.
§74-212A. Audits of government entities.
§74-212B. Format of electronic submissions to State Auditor and Inspector.
§74-213. Examination of public institutions - Quality control reviews - Special audits.
§74-213.2. Performance Audit Division.
§74-216. Annual report to governor - Other reports.
§74-219A. Education and training of staff members.
§74-223. Report of irregularities and derelictions - Prosecution by Attorney General.
§74-225. Reports as additional - Public Records.
§74-227.3. Deposit of revenue into fund.
§74-227.6. Payments into fund - Disbursements.
§74-227.8. Payment for services by state agencies - Agreements - Deposits.
§74-227.9. State Auditor and Inspector Revolving Fund.
§74-228. Internal audits - Supervisory responsibility.
§74-229. Internal audit reports.
§74-232. Direction and supervision.
§74-238. Located at university.
§74-241. Survey created - Supervision - Object and duties.
§74-245. Survey created - Director - Object and duties - Copies - Report.
§74-250.4. State officers - Salaries.
§74-250.4a. Legislators - Salary or emoluments.
§74-250.7. Corporation Commission members - Chairman.
§74-255. Appointments and tenure - Citizenship - Exceptions.
§74-271. Senate and House of Representatives - Powers as to employees.
§74-283. Salaries fixed by statute are maximum salaries - No claim for excess above appropriation.
§74-284.2. Pay increase funds - Prohibition of expenditure for contracted private employees.
§74-291.1. Legislators - Per diem.
§74-291.1a. Legislators - Mileage and per diem.
§74-291.1b. Legislators - Reimbursable trips.
§74-291.3. Advice to Legislature - Travel expenses.
§74-291.10. Staff Review Committee of the Senate - Membership - Clerk.
§74-291.11. Meetings - Duties.
§74-291.19. Incentive bonuses.
§74-292.2. Permanent employees of House of Representatives - Salaries and emoluments.
§74-292.2a. Temporary employees of House of Representatives - Compensation.
§74-292.12. Implementation and administration of direct deposit system.
§74-314. Investigation of fires - Report to fire marshal - Record of fires.
§74-315. May take testimony - Causing arrest - Report to Insurance Commissioner.
§74-317.2. Churches - Temporary overnight accommodations.
§74-318. Penalty for failure of duty.
§74-320. Engagement in other duties prohibited.
§74-324.1. State Fire Marshal Commission - Membership - Tenure.
§74-324.2. Chairman - Rules - Quorum and meetings - Minutes - Reports.
§74-324.4. State Fire Marshal – Assistant State Fire Marshal.
§74-324.5. Office of State Fire Marshal agents.
§74-324.7a. Assistance and cooperation of State Fire Marshal.
§74-324.8. Uniform force and effect - Authority of cities, towns and counties.
§74-324.9. Investigations - Reports - Fees, fines and administrative penalties.
§74-324.10. Additional powers of Fire Marshal.
§74-324.11c. Removable coverings over emergency escape and rescue openings in residences.