Oklahoma § 62-89.6 - Fees

§ 62-89.6. Fees

A. The State Treasurer may charge and collect the following

fees:

1. For any returned check or electronic debit that is returned,

a fee of Twenty-five Dollars ($25.00);

2. For handling and processing rejected warrant items processed

by the State Treasurer, a fee of Five Dollars ($5.00) per item;

3. For handling a stop-payment item processed by the State

Treasurer on behalf of a state agency, a fee of Fifteen Dollars

($15.00) for each item up to a maximum fee of Three Hundred Twentyfive Dollars ($325.00) per day; and

4. Beginning July 1, 2010, for expenses incurred in managing

the state blended portfolio, an annual fee of not more than two and

one-half (2 1/2) basis points which may be charged monthly against

the average daily balance of the portfolio; provided, the fees shall

be collected at the time earnings are deposited to participants.

B. Beginning July 1, 2012, a state agency may direct the State

Treasurer to purchase, sell, hold or otherwise manage investment

transactions on its behalf outside of the blended portfolio,

provided that the agency shall not pay more for investment services

than the rate established by the State Treasurer which shall not

exceed the amount necessary for recovering the cost to the State

Treasurer's office for providing such services.

Added by Laws 1993, c. 260, § 29, operative July 1, 1993. Amended

by Laws 1996, c. 219, § 3, eff. July 1, 1996; Laws 2009, c. 433, §

9, eff. Nov. 1, 2009; Laws 2010, c. 241, § 8, emerg. eff. May 10,

2010; Laws 2011, c. 261, § 4, eff. Nov. 1, 2011; Laws 2012, c. 222,

§ 2; Laws 2016, c. 296, § 1.