Okla. Stat. tit. 40, § 40-3-610: Management of funds of unemployment trust fund

MANAGEMENT OF FUNDS OF UNEMPLOYMENT TRUST FUND. If and when the

unemployment trust fund in the Treasury of the United States, ceases

to exist, or such separate book account of the unemployment trust

fund is no longer maintained, all moneys belonging to the

unemployment compensation fund of this state shall be administered

by the Commission as a trust fund for the purpose of paying benefits

under this act, and the Commission shall have authority to hold,

invest, transfer, sell, deposit, and release such moneys, and any

properties, securities, or earnings acquired as an incident to such

administration; provided, that such moneys shall be invested in the

following readily marketable classes of securities: Bonds or other

interest-bearing obligations of the United States of America or

guaranteed both as to interest and principal by the United States;

provided further, that such investment shall at all times be so made

that all the assets of the fund shall always be readily convertible

into cash when needed for the payment of benefits. The Treasurer

shall dispose of securities or other properties belonging to the

unemployment compensation fund only under the direction of the

Commission.