OK HB3625

Amends 70 O.S. 2021, Section 5-115 to expand and clarify authorized investments for school district funds, including direct federal government obligations, state obligations rated A+ or better by Standard and Poor's/Fitch or A1 or better by Moody's, and collateralized or insured certificates of deposits from banks or credit unions

Adds prime banker's acceptances (limited to 10% of surplus funds, maximum 270-day maturity) and prime commercial paper rated A-1,P-1/F-1 (limited to 7.5% of surplus funds, maximum 270-day maturity) as authorized investment options

Expands eligible investments to include negotiable certificates of deposit from nationally or state-chartered banks, savings banks, savings and loan associations, or state-licensed branches of foreign banks

Authorizes investments in money market funds regulated by the SEC and qualified pooled investment programs governed through interlocal cooperative agreements pursuant to Section 5-117b

Effective date of July 1, 2026, with emergency clause for immediate effect upon passage and approval; passed House of Representatives on March 11, 2026