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

Okla. Stat. tit. 62, § 62-89.1a: Investment with state financial institutions at less

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  1. OK Code
  2. Title 62

than competitive market rate.

In order to help provide for the capital needs of this state,

the State Treasurer may invest monies at less than competitive

market rates with financial institutions of this state. Not more

than ten percent (10%) of all monies available to the State

Treasurer for investment purposes or One Hundred Million Dollars

($100,000,000.00), whichever is less, shall be invested as provided

for in this section. Such investments shall earn not less than the

rate for comparable maturities on United States Treasury

obligations.

Provided, no more than Ten Million Dollars ($10,000,000.00) of

monies specified in this section shall be invested in any one

financial institution and no monies specified in this section shall

be invested in a financial institution that has a loan-to-deposit

ratio of less than fifty percent (50%).

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

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