{"data":{"id":"us-ok/okla.-stat.-tit.-62-62-2401","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 62, § 62-2401","heading":"Invest In Oklahoma program","body":"A. The State Treasurer shall create an \"Invest In Oklahoma\"\n\nprogram to provide entities in this state with funds for\n\nopportunities to invest in Oklahoma-based private equity funds,\n\nventure capital funds, growth funds, and direct investments in\n\nOklahoma companies to the extent allowable under the Oklahoma\n\nConstitution.\n\nB. Subject to final approval of the Invest in Oklahoma Board,\n\nthe State Treasurer may retain directly or through a contractual\n\nrelationship qualified investment advisors and fiduciary managers to\n\nassist in the selection of the investments authorized under this\n\nact. Prior to submission for confirmation and approval, the State\n\nTreasurer's Office shall confirm with the Securities and Exchange\n\nCommission and Oklahoma Securities Commission that the investment\n\nadvisor or fiduciary manager is in good standing. The Treasurer\n\nshall choose an advisor or manager, based on factors including but\n\nnot limited to:\n\n1. Rate of return;\n\n2. Years of operation;\n\n3. Sufficiency of capitalization;\n\n4. Investment performance track record;\n\n5. Differentiation and sustainability of investment strategy;\n\n6. Fee structure;\n\n7. Background of limited partners;\n\n8. Ratio of capital invested in this state;\n\n9. Investment professional with ten (10) or more years of\n\nexperience in venture capital, private equity and real estate\n\ninvesting; and\n\n10. Investment professional has experience with Oklahoma\n\ninvesting.\n\nC. The State Treasurer acting within parameters established by\n\nthe Invest in Oklahoma Board shall:\n\n1. Exercise judgment and care, under circumstances then\n\nprevailing, which persons of prudence, discretion and intelligence\n\nexercise in the management of their own affairs, for investment,\n\nconsidering the probable safety of their capital as well as the\n\nprobable income to be derived when determining qualifying venture\n\ncapital and growth funds to ensure the funds are being appropriately\n\nmanaged and invested; and\n\n2. Develop processes and procedures for requesting, accepting,\n\nand decision criteria for proposals related to investments\n\nauthorized under the provisions of this act.","path":["OK Code","Title 62"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os62.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"fc6379b4f178f3aea554cc4622961001e6477efe2283bfbca69b37222cc67be4","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-62-62-2400","next":"us-ok/okla.-stat.-tit.-62-62-2402"},"notice":"GroundRules: Original legal text. Not legal advice."}