{"data":{"id":"us-ok/okla.-stat.-tit.-62-62-89.7","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 62, § 62-89.7","heading":"Investment performance reports","body":"A. The State Treasurer shall prepare monthly and annual\n\ninvestment performance reports of the State Treasurer's Office in\n\nthe form and manner required by the Cash Management and Investment\n\nOversight Commission after consultation with the State Treasurer\n\nwhich summarize recent market conditions, economic developments and\n\nanticipated investment conditions and the investment plan\n\nperformance, including portfolio diversification and rates of return\n\nmeasured against the investment plan of the State Treasury. The\n\nannual investment performance report shall be submitted to the\n\nCommission and shall be made within ninety (90) calendar days after\n\nthe end of the fiscal year. The monthly investment performance\n\nreports shall be submitted to the Executive Review Committee and\n\nshall be made within thirty (30) days after the end of the\n\napplicable month. The investment performance reports shall specify\n\nthe investment strategies employed in the most recent reporting\n\nperiod and describe the investment portfolio of the state in terms\n\nof:\n\n1. Securities;\n\n2. Maturities;\n\n3. Fund type;\n\n4. Financial institutions from which securities were purchased,\n\nincluding the amounts and the city and state of location;\n\n5. Investment return compared to budgetary expectations;\n\n6. Average yield; and\n\n7. Average life of the portfolio.\n\nThe investment performance reports shall also indicate any areas of\n\nconcern which the State Treasurer has concerning the basic\n\ninvestment strategies being employed. The investment performance\n\nreports shall contain:\n\na. combined and individual rates of return and a list of\n\nall losses by category of investment, over periods of\n\ntime;\n\nb. the rate of return on deposits and all fees and\n\nexpenses charged as to all depository financial\n\ninstitutions of the State Treasury and a specific\n\nreview of the adequacy of the collateralization;\n\nc. any other information that the State Treasurer may\n\ninclude; and\n\nd. such other information that the Cash Management and\n\nInvestment Oversight Commission created by Section\n\n71.1 of this title may request and that the State\n\nTreasurer agrees to include in the investment\n\nperformance reports.\n\nB. To the extent that the State Treasurer should have reason to\n\nknow, the State Treasurer shall also include in the investment\n\nperformance reports a listing of all payments, fees, commissions, or\n\nother compensation received by any person, including but not limited\n\nto individuals, financial institutions, or investment companies or\n\ncorporations, which have an investment agreement, contract, or other\n\narrangement with the State Treasurer, or who receive any\n\ncompensation as a result of a transaction involving the investment\n\nof state monies or funds or the purchase, sale, or trade of\n\nsecurities or bonds involving the Office of the State Treasurer.\n\nSaid listings shall also include the social security or federal\n\nidentification number of any person, including but not limited to\n\nindividuals, financial institutions, or investment companies or\n\ncorporations, receiving payments, fees, commissions, or other\n\ncompensation.\n\nC. The annual investment performance report shall be written in\n\nsimple and easily understood language containing:\n\na. an analysis of the written investment plans developed\n\nby the Treasurer as required by law;\n\nb. a quantitative analysis of the performance of all\n\ndepository financial institutions approved by the\n\nState Treasurer, with regard to monies deposited;\n\nc. the result of the analyses prepared pursuant to\n\nsubparagraphs a and b of this paragraph compared with\n\nsimilar data for other states;\n\nd. recommendations on administrative and legislative\n\nchanges which are necessary to improve the performance\n\nof the State Treasury in accordance with current\n\nstandards for large public fund portfolio management;\n\nand\neasurer, with regard to monies deposited;\n\nc. the result of the analyses prepared pursuant to\n\nsubparagraphs a and b of this paragraph compared with\n\nsimilar data for other states;\n\nd. recommendations on administrative and legislative\n\nchanges which are necessary to improve the performance\n\nof the State Treasury in accordance with current\n\nstandards for large public fund portfolio management;\n\nand\n\ne. a listing by object code of the expenses of the State\n\nTreasury as audited by the independent auditor\n\nprovided by Section 89.10 of this title.\n\nD. The State Treasurer shall distribute the investment\n\nperformance reports to the Governor, the President Pro Tempore of\n\nthe Senate, the Speaker of the House of Representatives, the State\n\nAuditor and Inspector, the Attorney General, and members of the Cash\n\nManagement and Investment Oversight Commission. Upon request, the\n\nState Treasurer shall make the annual investment performance report\n\navailable to the members of the Legislature and the general public.\n\nThe annual investment performance report shall also include an\n\ninvestment plan for the ensuing fiscal year.\n\nE. The State Treasurer shall require all employees in the State\n\nTreasury to sign an anti-collusion affidavit. Execution of a false\n\naffidavit shall make such employees subject to disciplinary action,\n\nincluding but not limited to termination, criminal prosecution or\n\nboth.\n\nF. The State Treasurer shall require an anti-collusion\n\naffidavit from brokers or other persons offering investment services\n\nto the State Treasury. The State Treasurer shall be prohibited from\n\nemploying or doing business with any brokers or persons offering\n\ninvestment services to the State Treasury who have not executed such\n\nan affidavit.\n\nG. The Cash Management and Investment Oversight Commission\n\nshall certify that the State Treasurer has delivered to the\n\nCommission the monthly and annual investment performance reports and\n\nthe annual financial report required by this section. If the\n\nCommission determines that these reports have not been delivered by\n\nthe State Treasurer as required by law, the Commission shall notify\n\nin writing the Governor, the Speaker of the House of\n\nRepresentatives, the President Pro Tempore of the Senate, the\n\nAttorney General, and the State Auditor and Inspector.","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":"15f9b35826ef651e4dd89741b02cf182702b5515bcf83d1eade713021df9ae4e","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-62-62-89.6","next":"us-ok/okla.-stat.-tit.-62-62-89.9"},"notice":"GroundRules: Original legal text. Not legal advice."}