Okla. Stat. tit. 70, § 70-695.13: Investment of monies

A. Money in the "Student Loan Sinking Fund" and money in the

Student Loan Fund in excess of the amount necessary for student

loans may be invested by the Authority in:

1. Direct obligations of or obligations whose principal and

interest are guaranteed by the United States;

2. Direct obligations of or participation certificates

guaranteed by the federal intermediate credit bank, federal land

banks, Federal National Mortgage Association, federal home loan

banks or banks for cooperatives;

3. Certificates of deposit of any bank or trust company whose

deposits are fully secured by a pledge of securities of any kind

specified in this subsection; and

4. Bonds of the state or its political subdivisions.

B. Money in the "Student Loan Sinking Fund" may be invested

only in obligations which are scheduled to mature prior to the date

the money must be available for its intended purpose.

C. All investments under this section may be sold at the

prevailing market price. Income from these investments shall be

credited to the "Student Loan Sinking Fund."