Okla. Stat. tit. 74, § 74-85.58V: Purchasing Division to purchase all bonds - Payment of

premiums - Approval.

A. Whenever any officer, statutory board, commission,

committee, department, authority, or any state agent or agency by

whatever name called, is authorized by any law of this state to

purchase any official bond, surety bond, blanket bond, or surety

contract upon any state officer or employee, the authority is hereby

transferred and conferred upon the Purchasing Division of the Office

of Management and Enterprise Services. The authority shall be

exercised by the Purchasing Division in the manner pursuant to the

provisions and requirements prescribed by Section 85.58A of this

title.

B. The premium for a bond will be invoiced to the Purchasing

Division and paid for by legislative appropriation set aside for

that specific purpose.

C. If the legislative appropriation is insufficient to meet the

cost of a bond, the State Purchasing Director in conjunction with

the State Risk Administrator shall assess each entity covered by the

bond a pro rata share of the excess cost amount.

D. A blanket bond shall be approved as to form and legal

sufficiency by the general counsel of the Office of Management and

Enterprise Services and shall be filed with the Director of the

Office of Management and Enterprise Services.