Oklahoma § 62-88.1 - Short title
Full text of Oklahoma Oklahoma Statutes § 62-88.1 — Short title, with citation guidance and answers to common questions.
§ 62-88.1. Short title
Sections 1 through 9 of this act shall be known and may be cited
as the "Oklahoma Small Business Linked Deposit Act".
Added by Laws 1988, c. 183, § 1, eff. July 1, 1988.
§62-88.1A.
Repealed by Laws 1997, c. 164, § 11, eff. July 1, 1997.
§62-88.1B.
Investment of linked deposit program monies.
Oklahoma Statutes - Title 62. Public Finance
A. The amount that the State Treasurer may invest in all linked
deposit programs authorized by law shall not exceed the lesser of
Five Hundred Million Dollars ($500,000,000.00) or fifteen percent
(15%) of all monies available to the State Treasurer for investment
as calculated by taking the average of the quarter-end amount for
the previous four (4) quarters.
B. The State Treasurer shall on a quarterly basis review the
percentage of total investable state funds invested in all linked
deposit programs created by law to determine compliance with
subsection A of this section.
C. If the State Treasurer determines that more than the amount
allowable pursuant to subsection A of this section is invested in
all linked deposit programs created by law, the State Treasurer
shall suspend any renewal or any initiation of new linked deposit
program investments until the time that the State Treasurer
determines the investment percentage limitation established by this
section has been met and except as provided by Section 88.1A of this
title.
Added by Laws 1994, c. 277, § 14. Amended by Laws 1994, c. 382, §
25, eff. Sept. 1, 1994; Laws 1995, c. 88, § 4, eff. July 1, 1995;
Laws 2002, c. 287, § 10, eff. July 1, 2003; Laws 2025, c. 174, § 4,
eff. July 1, 2025.
NOTE: Editorially renumbered from Title 62, § 88.1 to avoid
duplication in numbering.
Frequently Asked Questions About Oklahoma § 62-88.1
What does Oklahoma Statutes § 62-88.1 cover?
Section 62-88.1 ("Short title") 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 § 62-88.1?
A common citation format is "Oklahoma Statutes § 62-88.1" (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 § 62-88.1 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.