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§ 6-103. Custodian and treasurer of fund

Oklahoma Statutes AnnotatedTitle 40. Labor

Oklahoma Statutes Annotated
Title 40. Labor
Chapter 1. Employment Security Act of 1980 (Refs & Annos)
Article 6. Oesc Computer Fund
Part 1. Oesc Computer Fund
40 Okl.St.Ann. § 6-103
§ 6-103. Custodian and treasurer of fund
Currentness
CUSTODIAN AND TREASURER OF FUND.
A. The State Treasurer shall be the custodian and treasurer of the OESC Computer Fund.
B. The State Treasurer shall deposit the monies belonging to the OESC Computer Fund, that are in his or her custody, subject to the provisions of Section 7 of this act.1
C. The State Treasurer, as custodian of the OESC Computer Fund, shall hold, invest, transfer, sell, deposit, and release those monies, properties, or securities in a manner approved by the Oklahoma Employment Security Commission. Provided, however, that those monies shall be invested in the classes of securities legal for investment of public monies of this state. Provided further, the investment shall at all times be so made that all assets of the OESC Computer Fund shall always be readily convertible into cash when needed for any expenditure authorized in Section 5 of this act.2

Credits

Laws 1997, c. 391, § 6, eff. July 1, 1997.

Footnotes

1
Title 40, § 6-104.
2
Title 50, § 6-102.
40 Okl. St. Ann. § 6-103, OK ST T. 40 § 6-103
Current with emergency effective legislation through Chapter 257 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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