HB 3120 Summary

• Exempts acquisitions by the Department of Securities for its investor education program from Oklahoma Central Purchasing Act requirements.

• Authorizes the Department of Securities to contract for food, lodging, meeting facilities, facilitator fees, travel expenses, and exhibitor fees related to investor education conferences and initiatives.

• Permits the Department to establish accounts for collecting and distributing funds from sponsors and registration fees for investor education programs and events.

• Authorizes the Department of Securities to pay stipends to teachers participating in the investor education program and monetary achievement awards to select participating students using non-appropriated state funds only.

• Declares an emergency effective date, allowing the act to take effect immediately upon passage and approval.