OK HJR1043

Proposes a constitutional amendment to Section 15 of Article X allowing the Legislature to authorize investment of state funds in stocks and other assets currently prohibited under Oklahoma's constitutional ban on state investment in private business

Requires a three-fifths (3/5) vote in both the House and Senate plus Governor approval to designate funds for investment; a two-thirds (2/3) vote can override a gubernatorial veto

Limits investments in non-traditional assets to 80% of available funds, caps investment in any single publicly traded company to one-tenth of that 80%, and restricts the State to owning no more than 2% of voting stock in any company

Prohibits the State from exercising any voting rights or governance authority over companies in which it holds equity securities

Refers the amendment to Oklahoma voters for approval or rejection and directs the Secretary of State to file the measure for the ballot