Oklahoma § 62-89.11 - Recording and auditing of transactions

§ 62-89.11. Recording and auditing of transactions

A. The State Treasurer shall develop and implement a system of

procedures to record and audit all transactions, including

electronic investment bidding transactions with outside financial

concerns. Said system of procedures shall be promulgated pursuant

to the Administrative Procedures Act and must be approved by the

Cash Management and Investment Oversight Commission not later than

October 1, 1994.

B. The Executive Review Committee must approve any proposed

destruction or changes of any transaction records, including

Oklahoma Statutes - Title 62. Public Finance

electronic investment bidding transactions. Any approved

destructions or changes of such transactions shall be detailed in

writing by the Executive Review Committee. The provisions of this

subsection shall not apply to corrections of scrivener error in

transaction records; however, for purposes of this section,

“scrivener error” shall not be defined to include any deliberate

change in a transaction record made:

1. For the purpose of causing a record to reflect a transaction

having occurred which did not in fact occur;

2. For the purpose of causing a record to reflect that a

transaction did not occur when in fact it did occur; or

3. Resulting in inaccuracy in a record which is material to

determining whether an act or omission occurred if such act or

omission constitutes a violation of any law, rule or requirement.

C. The State Auditor and Inspector, the Attorney General and

other authorized law enforcement officers are authorized to inspect

any transaction records or documents, including electronic

investment bidding transactions created pursuant to this section.

D. The willful interference with the inspections authorized by

subsection C of this section or the deliberate falsification or

destruction of transaction records, other than as permitted by

subsection B of this section, by the State Treasurer, any employee

of the State Treasurer, or any other person or firm shall, upon

conviction, be a Class D3 felony offense and shall be punishable by

imprisonment as provided for in subsections B through F of Section

20P of Title 21 of the Oklahoma Statutes, by a fine of Ten Thousand

Dollars ($10,000.00), or by both such imprisonment and fine, and

shall also constitute grounds for termination of such employee. A

violation of the requirements of subsection C of this section, shall

be grounds for disciplinary action, including termination from

employment.

Added by Laws 1991, c. 207, § 8, eff. July 1, 1991. Amended by Laws

1994, c. 227, § 4, emerg. eff. May 24, 1994; Laws 1997, c. 133, §

519, eff. July 1, 1999; Laws 1999, 1st Ex.Sess., c. 5, § 377, eff.

July 1, 1999; Laws 2025, c. 486, § 730, eff. Jan. 1, 2026.

NOTE: Laws 1998, 1st Ex.Sess., c. 2, § 23 amended the effective

date of Laws 1997, c. 133, § 519 from July 1, 1998, to July 1, 1999.