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Oklahoma · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Okla. Stat. tit. 11, § 11-49-122.4: Costs and expenses - Supplies and equipment

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  1. OK Code
  2. Title 11

A. All costs and expenses for the selection and compensation of

investment counselors, institutional custodian service and

commissions or other costs resulting from the purchase, sale or

other transfer of assets shall be paid from the fund.

B. Three percent (3%) of the funds disbursed to the State Board

under the provisions of Section 312.1 of Title 36 of the Oklahoma

Statutes shall be retained by the State Board for the purpose of

paying all costs and expenses, other than those provided for in

subsection A of this section, incurred in the operation,

administration and management of the System. At the close of each

fiscal year, any surplus shall be transferred to the Oklahoma

Firefighters Pension and Retirement Fund.

C. The State Board is authorized to purchase such equipment and

supplies as it deems necessary for the efficient operation,

administration and management of the System. Payment for such

equipment and supplies shall be made from the operating funds of the

System.

Collected 2026-09-14T18:32:36Z. Source file · JSON

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