Schools; investment; funds; effective date; emergency.

Summary

The measure amends Oklahoma law so that school district treasurers—often county treasurers acting in that role—must post a surety bond based on cash on hand, provide regular financial reports, and invest district funds only in approved, low‑risk securities. It gives school boards the power to adjust bond amounts, suspend non‑compliant treasurers, and conduct monthly reviews of investment performance. The goal is to increase transparency and protect school money.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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