Okla. Stat. tit. 62, § 62-517.2: Definitions

As used in the Security for Local Public Deposits Act:

1. “Financial institution” means any bank, savings bank,

savings and loan association or credit union; and

2. “Public entity” means any county, city, town or board of

education of a public school district or vocational-technical school

district or other governmental or public entity of a local nature

which is required or permitted by law to collateralize its deposits.