OK SB957

Governing boards of Oklahoma political subdivisions may authorize written investment policies directing treasurers to invest public funds, with primary emphasis on safety and liquidity

Authorized investments include federal government obligations, state obligations rated A+ or better, collateralized certificates of deposit, savings accounts, municipal debt obligations, and SEC-regulated money market funds

Prime banker's acceptances limited to 270-day maturity and 10% of surplus funds; prime commercial paper limited to 180-day maturity and 7.5% of surplus funds

Investment income may be placed in the general fund, rainy day fund, capital reserve fund, or the originating fund

Repeals existing Sections 348.1 and 348.3 of Title 62 and becomes effective November 1, 2025