Oklahoma § 62-88.9 - Collateralizing funds
Full text of Oklahoma Oklahoma Statutes § 62-88.9 — Collateralizing funds, with citation guidance and answers to common questions.
§ 62-88.9. Collateralizing funds
Any funds placed with an eligible lending institution shall be
collateralized in the same manner as deposits of other state funds.
Added by Laws 1988, c. 183, § 9, eff. July 1, 1988.
§62-89.1a. Investment with state financial institutions at less
than competitive market rate.
In order to help provide for the capital needs of this state,
the State Treasurer may invest monies at less than competitive
market rates with financial institutions of this state. Not more
than ten percent (10%) of all monies available to the State
Treasurer for investment purposes or One Hundred Million Dollars
($100,000,000.00), whichever is less, shall be invested as provided
for in this section. Such investments shall earn not less than the
rate for comparable maturities on United States Treasury
obligations.
Provided, no more than Ten Million Dollars ($10,000,000.00) of
monies specified in this section shall be invested in any one
financial institution and no monies specified in this section shall
be invested in a financial institution that has a loan-to-deposit
ratio of less than fifty percent (50%).
Added by Laws 1987, c. 194, § 4, operative July 1, 1987.
Frequently Asked Questions About Oklahoma § 62-88.9
What does Oklahoma Statutes § 62-88.9 cover?
Section 62-88.9 ("Collateralizing funds") 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 § 62-88.9?
A common citation format is "Oklahoma Statutes § 62-88.9" (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 § 62-88.9 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.