Okla. Stat. tit. 70, § 70-17-111: Official bonds

The Treasurer of the State of Oklahoma shall upon becoming

custodian of the Teachers' Retirement Fund, give a bond in the sum

of Fifty Thousand Dollars ($50,000.00); the Executive Director shall

give bond in the sum of Twenty-five Thousand Dollars ($25,000.00);

and the Board of Trustees shall require any other employees and

members of the Board of Trustees to give bond in such amounts as the

Board may deem necessary, conditioned that said bonded persons will

faithfully execute the duties of the respective offices. All bonds

shall be made with a good and solvent surety company, authorized to

do business in the State of Oklahoma; said bonds shall be made

payable to the Board of Trustees and shall be approved by it and the

Attorney General of Oklahoma. All expense necessary and incident to

the execution of such bonds, including premiums thereon, shall be

paid by the Board of Trustees from the Expense Fund.