Oklahoma § 82-1085.24 - Purchase of certificates by State Treasurer
Full text of Oklahoma Oklahoma Statutes § 82-1085.24 — Purchase of certificates by State Treasurer, with citation guidance and answers to common questions.
§ 82-1085.24. Purchase of certificates by State Treasurer
A. The State Treasurer of the State of Oklahoma is hereby
authorized and required to purchase from the Water Conservation
Storage Commission at private sale not to exceed at any one time One
Million Five Hundred Thousand Dollars ($1,500,000.00) in said
investment certificates, or interim investment certificates, as an
investment of the public monies in his possession. It shall be the
responsibility of the State Treasurer to invest only that portion of
such public monies as it deems to be more than sufficient to meet
current expenditures payable from public monies. The State
Treasurer is authorized and required to buy, and the Commission is
authorized and required to sell to the State Treasurer at private
sale, as provided in this section, so many of the investment
certificates authorized by this act as may be safely purchased for
investment of public monies by the State Treasurer without
handicapping the State of Oklahoma in promptly meeting its
obligations. In event of such sale or sales, the Commission shall
determine and fix the rate of interest and investment certificates
so sold shall bear such rate of interest.
B. In the event any or all of the investment certificates are
sold to the State Treasurer under the provisions of subsection A of
this section and thereafter the uninvested cash on hand and in
solvent banks should fall short of demand orders on the State
Treasury, it shall be the duty of the State Treasurer to sell such
part or all of the investment certificates as are necessary to be
converted into cash to meet such demands. The State Treasurer may
sell such part or all of the said investment certificates as the
State Treasurer is so authorized to sell, at private sale, to the
Teachers' Retirement Fund or any other state fund, department or
agency which has available monies to purchase the same, and all such
state funds, departments and agencies are hereby authorized and
empowered to so purchase such investment certificates.
Added by Laws 1972, c. 253, § 24. Amended by Laws 1989, c. 343, §
40, operative July 1, 1989; Laws 2013, c. 254, § 36.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 82-1085.24
What does Oklahoma Statutes § 82-1085.24 cover?
Section 82-1085.24 ("Purchase of certificates by State Treasurer") 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 § 82-1085.24?
A common citation format is "Oklahoma Statutes § 82-1085.24" (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 § 82-1085.24 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.