{"data":{"id":"us-ok/okla.-stat.-tit.-63-63-1071","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 63, § 63-1071","heading":"Housing bonds, legal investments and security","body":"The state and all public officers, private citizens, municipal\n\ncorporations, political subdivisions, and public bodies, all banks,\n\nbankers, trust companies, savings banks and institutions, building\n\nand loan associations and savings and loan associations, investment\n\ncompanies, insurance companies, insurance associations and other\n\npersons carrying on a banking or insurance business, and all\n\nexecutors, administrators, guardians, trustees and other fiduciaries\n\nmay legally invest any monies or funds belonging to them or within\n\ntheir control in any bonds or other obligations issued by a housing\n\nauthority created by the Housing Authorities Law of this state or\n\nissued by any public housing authority or agency in the United\n\nStates, any of its territories, the District of Columbia, Puerto\n\nRico, Guam, or the Virgin Islands, when such bonds or other\n\nobligations are secured by a pledge of annual contributions or other\n\nfinancial assistance to be paid by the United States Government or\n\nany agency thereof, or when such bonds or other obligations are\n\nsecured by an agreement between the United States Government or any\n\nagency thereof and the public housing authority or agency in which\n\nthe United States Government or any agency thereof agrees to lend to\n\nthe public housing authority or agency, prior to the maturity of the\n\nbonds or other obligations, monies in an amount which (together with\n\nany other monies irrevocably committed to the payment of interest on\n\nthe bonds or other obligations) will suffice to pay the principal of\n\nthe bonds or other obligations with interest to maturity, which\n\nmonies under the terms of the agreement are required to be used for\n\nthis purpose, and such bonds and other obligations shall be\n\nauthorized security for all public deposits and shall be fully\n\nnegotiable in this state; it being the purpose of this section to\n\nauthorize any of the foregoing to use any funds owned or controlled\n\nby them, including (but not limited to) sinking, insurance,\n\ninvestment, retirement, compensation, pension and trust funds, and\n\nfunds held on deposit, for the purchase of any such bonds or other\n\nobligations: Provided, however, that nothing contained in this\n\nsection shall be construed as relieving any person, firm or\n\ncorporation from any duty of exercising reasonable care in selecting\n\nsecurities. The provisions of this section shall apply\n\nnotwithstanding any restrictions on investments contained in other\n\nlaws.","path":["OK Code","Title 63"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os63.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"62526df1fb23c5edf38235dc7b2402d0b664a3f6929bf0a619af002e43212d10","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-63-63-1070","next":"us-ok/okla.-stat.-tit.-63-63-1072"},"notice":"GroundRules: Original legal text. Not legal advice."}