Okla. Stat. tit. 62, § 62-545: Application of statute - Intention of Legislature

It is hereby declared to be the intent of the Legislature that

this act shall apply to any and all investments that may be made

from and after the effective date of this act out of the sinking

funds of the state or any of its municipal subdivision, and likewise

to the sale of all bonds and securities now owned or held or that

may hereafter be owned or held as investments for any of the sinking

funds in the custody of the Treasurer of the State, or any county,

city, town or board of education thereof. It is further declared to

be the intent of the Legislature that all reference in this act to

sinking funds in the custody of the county treasurer shall be deemed

to include the sinking funds of such county, of the several

townships, and of the several dependent school districts thereof;

and with reference to such county treasurer, the board of county

commissioners of such county shall be deemed his governing board,

being the board to whom he is, by law, required to account, wherever

the concurrence or authority of such governing board is required

with reference to the making of investment in sinking fund monies or

the sale of the securities so purchased.