Okla. Stat. tit. 60, § 60-177.3: Authorization of participation in short-term cash

management program without Commission approval - Receipt of payment

or compensation for endorsement of short-term cash management

program by person not properly designated or registered - Violations

and penalties.

A. Any officer of a school district or county who authorizes

the participation of the school district or county to participate in

a short-term cash management program without the approval of the

Oklahoma Commission on School and County Funds Management or who

fraudulently submits any false or misleading information to the

Commission pursuant to Section 177.2 of Title 60 of the Oklahoma

Statutes, shall be deemed guilty of a misdemeanor and upon

conviction, shall be punished by a fine of not less than One

Thousand Dollars ($1,000.00) or imprisoned in the county jail for

not to exceed one (1) year, or by both such fine and imprisonment,

and shall forfeit and be removed from office pursuant to Section

1181 et seq. of Title 22 of the Oklahoma Statutes or Section 91 et

seq. of Title 51 of the Oklahoma Statutes. In addition, any

professional license issued to an officer by a state agency or

instrumentality who has been convicted of a misdemeanor pursuant to

this section shall be revoked.

B. Any person who receives any payment or compensation,

indirectly or directly, for the endorsement of any short-term cash

management program and who has not been properly designated or

registered, if registration is required, pursuant to subsection C of

Section 177.2 of Title 60 of the Oklahoma Statutes, shall be guilty

of a misdemeanor and upon conviction, shall be punished according to

the penalties prescribed in subsection A of this section.