Oklahoma § 60-177.3 - Authorization of participation in short-term cash
Full text of Oklahoma Oklahoma Statutes § 60-177.3 — Authorization of participation in short-term cash, with citation guidance and answers to common questions.
§ 60-177.3. Authorization of participation in short-term cash
management program without Commission approval - Receipt of payment
or compensation for endorsement of short-term cash management
program by person not properly designated or registered - Violations
and penalties.
A. Any officer of a school district or county who authorizes
the participation of the school district or county to participate in
a short-term cash management program without the approval of the
Oklahoma Commission on School and County Funds Management or who
fraudulently submits any false or misleading information to the
Commission pursuant to Section 177.2 of Title 60 of the Oklahoma
Statutes, shall be deemed guilty of a misdemeanor and upon
conviction, shall be punished by a fine of not less than One
Thousand Dollars ($1,000.00) or imprisoned in the county jail for
not to exceed one (1) year, or by both such fine and imprisonment,
and shall forfeit and be removed from office pursuant to Section
1181 et seq. of Title 22 of the Oklahoma Statutes or Section 91 et
seq. of Title 51 of the Oklahoma Statutes. In addition, any
professional license issued to an officer by a state agency or
instrumentality who has been convicted of a misdemeanor pursuant to
this section shall be revoked.
B. Any person who receives any payment or compensation,
indirectly or directly, for the endorsement of any short-term cash
management program and who has not been properly designated or
registered, if registration is required, pursuant to subsection C of
Oklahoma Statutes - Title 60. Property
Section 177.2 of Title 60 of the Oklahoma Statutes, shall be guilty
of a misdemeanor and upon conviction, shall be punished according to
the penalties prescribed in subsection A of this section.
Added by Laws 1991, c. 212, § 2, eff. Aug. 1, 1991.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 60-177.3
What does Oklahoma Statutes § 60-177.3 cover?
Section 60-177.3 ("Authorization of participation in short-term cash") is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Oklahoma § 60-177.3?
A common citation format is "Oklahoma Statutes § 60-177.3" (Oklahoma). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 60-177.3 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Oklahoma.