{"data":{"id":"us-ok/okla.-stat.-tit.-62-62-47","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 62, § 62-47","heading":"Creation of trust fund - Board of Investors abolished","body":"A. There is hereby created a trust fund for Economic\n\nDevelopment Generating Excellence to be known as the \"EDGE Fund\".\n\nThe trust fund principal shall consist of all funds appropriated,\n\ntransferred, donated or otherwise directed to the fund by law.\n\nB. The Board of Investors of the EDGE Fund is hereby abolished\n\nand the powers and duties previously conferred upon the Board are\n\nhereby transferred to the State Treasurer. The cost of up to two\n\nfull-time-equivalent employees for the Office of the State Treasurer\n\nmay be considered an administrative expense of the EDGE Fund until\n\nsuch time as the entire amount of the EDGE Fund has been transferred\n\nas provided in subsection C of this section.\n\nC. On and after July 1, 2012, the State Treasurer shall not\n\nfurther invest monies or assets of the EDGE Fund. As funds become\n\navailable from investments made prior to July 1, 2012, by the Board\n\nof Investors of the EDGE Fund, the State Treasurer shall transfer\n\nsuch funds as follows:\n\n1. Interest or other proceeds earned on investments made prior\n\nto July 1, 2012, other than such interest or proceeds otherwise\n\nencumbered prior to May 25, 2012, shall be deposited to the Oklahoma\n\nQuick Action Closing Fund created in Section 48.2 of this title; and\n\n2. The principal of any investments made prior to July 1, 2012,\n\nand maturing or otherwise available for expenditure on or after July\n\n1, 2012, shall be deposited to the Oklahoma State Regents Endowment\n\nTrust Fund created in Section 3951 of Title 70 of the Oklahoma\n\nStatutes.","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":"94b5acdb040e76d7aa8d8e1aa87f8577efecfd39b63cc22d268fedcbdfb19e9b","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-62-62-46a","next":"us-ok/okla.-stat.-tit.-62-62-471"},"notice":"GroundRules: Original legal text. Not legal advice."}