SB 1511 Summary

• Amends 62 O.S. 2011, Section 348.1 to expand authorized investment options for public entities in Oklahoma

• Extends investment authorization provisions that previously applied only to municipalities to also cover other political subdivisions

• Maintains existing investment restrictions for county treasurers and city/town treasurers (U.S. government obligations, insured certificates of deposit, savings accounts, collateralized investments, and municipal/school district debt)

• Exempts insurance organizations created by municipalities and other political subdivisions from the investment restrictions in the statute

• Becomes effective November 1, 2014