Oklahoma § 74-909 - Policies and rules for general administration
Full text of Oklahoma Oklahoma Statutes § 74-909 — Policies and rules for general administration, with citation guidance and answers to common questions.
§ 74-909. Policies and rules for general administration
(1) The Board of Trustees shall be responsible for the policies
and rules for the general administration of the system, subject to
the provisions of this act.
(2) The Board shall establish rules and regulations for the
administration of the system and for the transaction of its business
consistent with law, which rules and regulations shall be filed in
the office of the Secretary of State.
(3) The Board shall be responsible for the installation or
provision of a complete and adequate system of accounts and records.
(4) All meetings of the Board shall be open to the public. The
Board shall keep a record of its proceedings.
(5) The Board shall prescribe rules for the determination of
the value of maintenance, board, lodging, laundry, and other
allowances to employees in lieu of money and shall determine which
forms or types of compensation shall be included for retirement
purposes.
(6) The Board may adopt all necessary actuarial tables to be
used in the operation of the system as recommended by the actuary
and may compile such additional data as may be necessary for
required actuarial valuation calculations.
(7) The Board, as soon after the close of the fiscal year as
practical, shall publish for distribution among members a financial
statement showing the financial status of the system.
(8) All decisions of the Board as to questions of fact shall be
final and conclusive on all persons except for the right of review
as provided by law and except for fraud or such gross mistake of
fact as to have effect equivalent to fraud.
Added by Laws 1963, c. 50, § 9, emerg. eff. May 6, 1963. Amended by
Laws 1988, c. 321, § 34, operative July 1, 1988; Laws 2002, c. 354,
§ 3, eff. July 1, 2002 and Laws 2002, c. 438, § 6, eff. July 1,
2002.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 74-909
What does Oklahoma Statutes § 74-909 cover?
Section 74-909 ("Policies and rules for general administration") 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 § 74-909?
A common citation format is "Oklahoma Statutes § 74-909" (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 § 74-909 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.