reglab/housing_qa huggingface dataset:
62 OK Stat § 62-2303 (2021)
2021 Oklahoma Statutes|Title 62. Public Finance|§62-2303. Tobacco Settlement Endowment Trust Fund – Monies consisting principal.

|A. Section 40 of Article X of the Oklahoma Constitution created a trust fund to be known as the “Tobacco Settlement Endowment Trust Fund”. The trust fund principal shall consist of the portion of monies which are received by the State of Oklahoma on or after July 1, 2001, pursuant to any settlement with or judgment against any tobacco company or companies as provided by subsection B of this section, the Fifty Million Dollars ($50,000,000.00) transferred to the Tobacco Settlement Endowment Trust Fund pursuant to Section 29, Chapter 8, 1st Extraordinary Session, O.S.L. 2000, and any other monies that may be appropriated or otherwise directed to the trust fund by the Legislature. |B. The trust fund principal shall consist of monies which are deposited to the trust fund. Notwithstanding any other provisions of law, income and investment return on trust fund principal shall accrue to the trust fund.Added by Laws 2001, c. 274, § 3, emerg. eff. May 31, 2001.
62 OK Stat § 62-2304 (2021)
2021 Oklahoma Statutes|Title 62. Public Finance|§62-2304. Appointments to Boards of Investors and Directors of the Tobacco Settlement Endowment Trust Fund – Terms.

|A. Appointments to the Board of Investors of the Tobacco Settlement Endowment Trust Fund shall be staggered as provided in this section, pursuant to the provisions of Section 40 of Article X of the Oklahoma Constitution. The initial staggered terms of office of persons appointed prior to April 10, 2001, or persons appointed to fill the remainder of an initial term of office shall be as follows: |1. The term of office of the person appointed by the Speaker of the House of Representatives shall expire June 30, 2001;2. The term of office of the person appointed by the President Pro Tempore of the Senate shall expire June 30, 2002;3. The term of office of the person appointed by the Governor shall expire June 30, 2003; and4. The term of office of the person appointed by the State Auditor and Inspector shall expire June 30, 2004.Thereafter, persons shall be appointed for terms of four (4) years beginning July 1. Any vacancy shall be filled by the appointing authority for the remainder of the unexpired term.B. Appointments to the Board of Directors of the Tobacco Settlement Endowment Trust Fund shall be staggered as provided in this section, pursuant to the provisions of Section 40 of Article X of the Oklahoma Constitution. The initial staggered terms of office of persons appointed prior to April 10, 2001, or persons appointed to fill the remainder of an initial term of office shall be as follows:1. The term of office of the person appointed by the Speaker of the House of Representatives shall expire June 30, 2001;2. The term of office of the person appointed by the President Pro Tempore of the Senate shall expire June 30, 2002;3. The term of office of the person appointed by the Governor shall expire June 30, 2003;4. The term of office of the person appointed by the Attorney General shall expire June 30, 2004;5. The term of office of the person appointed by the State Treasurer shall expire June 30, 2005;6. The term of office of the person appointed by the State Auditor and Inspector shall expire June 30, 2006; and7. The term of office of the person appointed by the State Superintendent of Public Instruction shall expire June 30, 2007.Thereafter, persons shall be appointed for terms of seven (7) years beginning July 1. Any vacancy shall be filled by the appointing authority for the remainder of the unexpired term.Added by Laws 2001, c. 66, § 2, emerg. eff. April 10, 2001. Amended by Laws 2001, c. 274, § 4, emerg. eff. May 31, 2001. Renumbered from § 50.1 of this title by Laws 2001, c. 274, § 12, emerg. eff. May 31, 2001.
62 OK Stat § 62-2305 (2021)
2021 Oklahoma Statutes|Title 62. Public Finance|§62-2305. Board of Investors of the Tobacco Settlement Endowment Trust Fund.

|A. Section 40 of Article X of the Oklahoma Constitution created the Board of Investors of the Tobacco Settlement Endowment Trust Fund. |B. The members of the Board of Investors shall receive no salary for serving on the Board. All members shall receive necessary travel expenses for the performance of their duties in accordance with the provisions of the State Travel Reimbursement Act.C. The terms of the Board of Investors shall be staggered as provided by subsection A of Section 2304 of this title.D. The Board shall annually elect a vice-chair, who shall preside over meetings in the absence of the State Treasurer, and any other officers, provided that no member shall be elected vice-chair for more than two (2) consecutive years. The Board shall meet at least quarterly.E. Staffing for the Board of Investors shall be provided by the Office of the State Treasurer.Added by Laws 2001, c. 274, § 5, emerg. eff. May 31, 2001. Amended by Laws 2002, c. 95, § 4, eff. July 1, 2002.
62 OK Stat § 62-2307 (2021)
2021 Oklahoma Statutes|Title 62. Public Finance|§62-2307. Determination of earnings.

|A. On or before September 1 of each year, the Board of Investors of the Tobacco Settlement Endowment Trust Fund shall determine the earnings of the trust fund for the previous fiscal year ending June 30. In determining earnings, the Board of Investors shall certify an amount which is prudent under the standard set forth in paragraph C of this section. The earnings so determined and certified by the Board of Investors for each fiscal year shall constitute the earnings of the Tobacco Settlement Endowment Trust Fund for the purposes of Section 40 of Article X of the Oklahoma Constitution. |B. “Earnings” consist of dividends and interest, less fees to manage the fund.C. In the administration of the powers to determine earnings, to make and retain investments, and to delegate investment management of institutional funds, the Board of Investors shall exercise ordinary business care and prudence under the facts and circumstances prevailing at the time of the action or decision. In so doing, the Board of Investors shall consider:1. Long- and short-term needs of the trust fund in carrying out its purposes;2. The present and anticipated financial requirements for programs funded by the Board of Directors of the Tobacco Settlement Endowment Trust Fund;3. Expected total return on its investments;4. Price level and inflation trends; and5. General economic conditions.Added by Laws 2001, c. 274, § 7, emerg. eff. May 31, 2001. Amended by Laws 2002, c. 95, § 5, eff. July 1, 2002; Laws 2003, c. 149, § 1, emerg. eff. April 28, 2003.
62 OK Stat § 62-2308 (2021)
2021 Oklahoma Statutes|Title 62. Public Finance|§62-2308. Board of Directors - Officers.

|A. Section 40 of Article X of the Oklahoma Constitution created the Board of Directors of the Tobacco Settlement Endowment Trust Fund. |B. The members of the Board of Directors shall receive no salary for serving on the Board. All members shall receive necessary travel expenses for the performance of their official duties in accordance with the provisions of the State Travel Reimbursement Act, provided that members of the Board of Directors shall be paid necessary travel expenses pursuant to the State Travel Reimbursement Act by their appointing authority until the Board of Directors adopts its initial budget and monies are made available for expenditures pursuant to the budget.C. The terms of the Board of Directors shall be staggered as provided by subsection B of Section 2 of Enrolled Senate Bill No. 372 of the 1st Session of the 48th Oklahoma Legislature, as amended by Section 4 of Enrolled House Bill No. 1003 of the 1st Session of the 48th Oklahoma Legislature.D. The Board of Directors shall annually elect a chair and any other officers, provided that no member shall be elected chair for more than two (2) consecutive years.E. The initial meeting of the Board of Directors shall be called by the Attorney General and the State Treasurer.Added by Laws 2001, c. 274, § 8, emerg. eff. May 31, 2001. Amended by Laws 2001, c. 372, § 1, emerg. eff. June 4, 2001.
62 OK Stat § 62-2400 (2021)
2021 Oklahoma Statutes|Title 62. Public Finance|§62-2400. Short title - Invest In Oklahoma Act.

|This act shall be known and may be cited as the "Invest In Oklahoma Act". |Added by Laws 2021, c. 309, § 1, eff. Nov. 1, 2021.
62 OK Stat § 62-2401 (2021)
2021 Oklahoma Statutes|Title 62. Public Finance|§62-2401. Invest In Oklahoma program.

|A. The Oklahoma Department of Commerce shall create an "Invest In Oklahoma" program to provide entities in this state with funds for opportunities to invest in Oklahoma-based private equity funds, venture capital funds and growth funds. Opportunities for investment shall also include private equity funds, venture capital funds and growth funds that make substantial investments in this state. |B. The Department shall select venture capital and growth funds to qualify for investments within the Invest In Oklahoma Program based on factors including but not limited to:1. Rate of return;2. Years of operation;3. Sufficiency of capitalization;4. Investment performance track record;5. Differentiation and sustainability of investment strategy;6. Fee structure;7. Background of limited partners; and8. Ratio of capital invested in this state.C. The Department shall exercise judgement and care, under circumstances then prevailing, which persons of prudence, discretion and intelligence exercise in the management of their own affairs, for investment, considering the probable safety of their capital as well as the probable income to be derived when determining qualifying venture capital and growth funds to ensure the funds are being appropriately managed and invested.D. The Department shall develop a request for proposal that includes the factors provided in subsection B of this section. The Department shall maintain a list of available venture capital and growth funds which are participating in the Invest in Oklahoma Program in which public entities are encouraged to invest.Added by Laws 2021, c. 309, § 2, eff. Nov. 1, 2021.
62 OK Stat § 62-2402 (2021)
2021 Oklahoma Statutes|Title 62. Public Finance|§62-2402. Public entities authority to invest.

|The following public entities are encouraged to and may invest up to five percent (5%) of their rolling three (3) year assets under management with the Invest In Oklahoma Program approved venture capital and growth funds as provided in Section 2 of this act: |1. The Board of Investors of the Tobacco Settlement Endowment Trust Fund;2. The Commissioners of the Land Office;3. The Teachers’ Retirement System;4. The Oklahoma Public Employees Retirement System;5. The Oklahoma Firefighters Pension and Retirement System;6. The Oklahoma Police Pension and Retirement System;7. The Oklahoma Law Enforcement Retirement System;8. The State of Oklahoma Uniform Retirement System for Justices and Judges; and9. The Department of Wildlife Conservation Retirement Fund.Added by Laws 2021, c. 309, § 3, eff. Nov. 1, 2021.
62 OK Stat § 62-2403 (2021)
2021 Oklahoma Statutes|Title 62. Public Finance|§62-2403. Promulgation of rules.

|The Oklahoma Department of Commerce shall promulgate rules to enforce the provisions of the Invest In Oklahoma Act. |Added by Laws 2021, c. 309, § 4, eff. Nov. 1, 2021.
62 OK Stat § 62-3101 (2021)
2021 Oklahoma Statutes|Title 62. Public Finance|§62-3101. Short title.

|This act shall be known and may be cited as the “Oklahoma Pension Legislation Actuarial Analysis Act”. |Added by Laws 2006, c. 292, § 1, eff. July 1, 2006.
62 OK Stat § 62-3102 (2021)
2021 Oklahoma Statutes|Title 62. Public Finance|§62-3102. Application of act.

|The provisions of the Oklahoma Pension Legislation Actuarial Analysis Act shall be applicable to legislation affecting: |1. The Teachers’ Retirement System of Oklahoma;2. The Oklahoma Public Employees Retirement System;3. The Uniform Retirement System for Justices and Judges;4. The Oklahoma Firefighters Pension and Retirement System;5. The Oklahoma Police Pension and Retirement System;6. The Oklahoma Law Enforcement Retirement System; or7. Any new retirement system established by law not in existence as of the effective date of this act.Added by Laws 2006, c. 292, § 2, eff. July 1, 2006. Amended by Laws 2007, c. 186, § 1, eff. Nov. 1, 2007.
62 OK Stat § 62-3104 (2021)
2021 Oklahoma Statutes|Title 62. Public Finance|§62-3104. Retirement bills, RB numbers - Amendments.

|A. No retirement bill may be introduced by any member of the Legislature unless, at the time of its introduction, the bill has printed thereon in the upper right portion of each page of the bill an RB number. Once a retirement bill is presented to the Legislative Actuary, unless as otherwise provided by this subsection, neither the applicable staff nor any person shall make any change in the retirement bill prior to its introduction into the Legislature unless the bill is returned to the applicable staff office and that office assigns a new RB number to the bill. A change in a retirement bill by the applicable legislative staff to correct nonsubstantive errors shall not require the assignment of a new RB number. |B. A measure that is not a retirement bill when introduced, but becomes amended to become a retirement bill shall have printed thereon in the upper right corner of each page of the bill an RB number at the time the measure is deemed to be a retirement bill as provided in Section 7 of this act.Added by Laws 2006, c. 292, § 4, eff. July 1, 2006. Amended by Laws 2007, c. 367, § 4, eff. July 1, 2007.
62 OK Stat § 62-3105 (2021)
2021 Oklahoma Statutes|Title 62. Public Finance|§62-3105. Retirement bills - Presentation to Legislative Actuary - Certification of fiscal impact - Restrictions.

|As a condition precedent to the introduction of any retirement bill, the applicable legislative staff, on behalf of the member of the Legislature who intends to be the primary author of the bill must present an exact copy of the proposed bill, which must bear an RB number, to the Legislative Actuary. The Legislative Actuary shall determine whether the proposed bill is a retirement bill having a fiscal impact or a nonfiscal retirement bill and provide a written certification of that determination to the member of the Legislature who intends to be the primary author of the bill. Such certification shall specifically identify the proposed bill by reference to the RB number. If the proposed bill is introduced into the Legislature, it shall have attached thereto the original of the certification of the Legislative Actuary. If the RB number on the bill as offered for introduction is different from the RB number shown on the certification of the Legislative Actuary or if the bill as offered for introduction does not bear an RB number on each page of the bill, the bill may not be accepted for introduction by the Secretary of the Senate or the Clerk of the House of Representatives, and the bill may not be considered by any committee of the House of Representatives or the Senate or by the House of Representatives or the Senate. If the bill is certified as a retirement bill having a fiscal impact, its introduction shall also be limited by the provisions of subsection A of Section 3107 of this title. |Added by Laws 2006, c. 292, § 5, eff. July 1, 2006. Amended by Laws 2007, c. 367, § 5, eff. July 1, 2007.
62 OK Stat § 62-3106 (2021)
2021 Oklahoma Statutes|Title 62. Public Finance|§62-3106. Nonfiscal retirement bills - Procedure - Amendments.

|A. A nonfiscal retirement bill may be introduced at any time according to the applicable deadlines established by the House of Representatives or Senate in any regular session of the Legislature. After its introduction into the Legislature, a nonfiscal retirement bill may not be amended in any manner to cause the bill to become a retirement bill having a fiscal impact. Except as otherwise provided by this section, any amendment to such a bill shall be submitted to the Legislative Actuary by the chair of the committee, if a committee amendment, or by the presiding officer of the Senate or House of Representatives if the amendment was made by the Senate or the House of Representatives or by the author of such bill when the bill is assigned to a conference committee. An amendment with the sole purpose to strike or restore the title or the enacting clause shall not be submitted to the Legislative Actuary. If the Legislative Actuary certifies in writing that the amendment does not cause the bill to become a retirement bill having a fiscal impact, the bill, as amended, may continue in the legislative process as any other bill. If the Legislative Actuary will not issue such a certification for the amendment, the progress of the bill in the legislative process will end, and the bill shall not be considered further by either the House of Representatives or the Senate. |B. An amendment to a nonfiscal retirement bill which is prohibited by subsection A of this section may be withdrawn by the committee which made the amendment, if a committee amendment, or by the Senate, if that body made the amendment, or by the House of Representatives, if that body made the amendment or by the author, if the amendment is made in conference. If the amendment is withdrawn, the bill may continue in the legislative process as any other bill, unless it is subsequently amended, and, in that event, the provisions of this section shall apply to the subsequent amendment.C. A nonfiscal retirement bill which is not amended during the legislative process may be considered as any other bill.Added by Laws 2006, c. 292, § 6, eff. July 1, 2006. Amended by Laws 2007, c. 367, § 6, eff. July 1, 2007.
62 OK Stat § 62-3106.1 (2021)
2021 Oklahoma Statutes|Title 62. Public Finance|§62-3106.1. Amendments creating nonfiscal retirement bill or retirement bill having fiscal impact.

|A. Any amendment made to any non-retirement bill or resolution which would cause the bill or resolution to become a nonfiscal retirement bill or a retirement bill having a fiscal impact as defined in the Oklahoma Pension Legislation Actuarial Analysis Act shall result in the bill or resolution being assigned an RB number by the applicable legislative staff. The bill or resolution shall be submitted to the Legislative Actuary by the chair of the committee, if a committee amendment, or by the presiding officer of the Senate or House of Representatives if the amendment was made by the Senate or the House of Representatives or by the author of such bill when the bill is assigned to a conference committee. If the Legislative Actuary certifies in writing that the amendment causes the bill to become a nonfiscal retirement bill and does not cause the bill to become a retirement bill having a fiscal impact, the bill, as amended, may continue in the legislative process as any other bill. If the Legislative Actuary will not issue such a certification for the amendment, the progress of the bill in the legislative process will end, and the bill shall not be considered further by either the Senate or House of Representatives. |B. An amendment to a non-retirement bill which causes the bill to become a retirement bill having a fiscal impact may be withdrawn by the committee which made the amendment, if a committee amendment, or by the Senate, if that body made the amendment, or by the House of Representatives, if that body made the amendment, or by the author of the bill, if the amendment was made in conference. If the amendment is withdrawn, the bill may continue in the legislative process as any other bill, unless it is subsequently amended, and, in that event, the provision of this section shall apply to the subsequent amendment.Added by Laws 2007, c. 367, § 7, eff. July 1, 2007.
62 OK Stat § 62-3108 (2021)
2021 Oklahoma Statutes|Title 62. Public Finance|§62-3108. Retirement bills having fiscal impact - Committee amendments - Transmission to Legislative Actuary.

|A. A retirement bill having a fiscal impact which the committee wishes to consider may be amended, if necessary, by the committee. If a retirement bill having a fiscal impact is changed by the committee to which it is assigned, such change shall be accomplished only by a substitute bill. |B. Immediately after a retirement bill having a fiscal impact has been considered and the committee has voted in favor of an actuarial investigation, the chair of the committee to which the bill was assigned shall transmit an exact copy of the bill, as amended by a substitute bill by the committee, when applicable, to the Legislative Actuary. The copy submitted to the Legislative Actuary shall bear an RB number. The submission of the bill to the Legislative Actuary shall have attached thereto a letter signed by the chair of the committee requesting the Legislative Actuary to make or cause to be made an actuarial investigation on the bill.Added by Laws 2006, c. 292, § 8, eff. July 1, 2006. Amended by Laws 2007, c. 367, § 9, eff. July 1, 2007.
62 OK Stat § 62-3110 (2021)
2021 Oklahoma Statutes|Title 62. Public Finance|§62-3110. Retirement bills having fiscal impact - Consideration following actuarial investigation - Procedure - Amendments.

|A. When a retirement bill having a fiscal impact has had an actuarial investigation pursuant to Section 3109 of this title, the bill may be considered at the next regular session of the Legislature. If the bill as originally introduced was not changed by the committee and the original version was submitted to the Legislative Actuary for an actuarial investigation, then the original version of the bill is the only one, except as otherwise provided by subsection B of this section, which may be considered by the committee or by the House of Representatives or the Senate. If the original bill was substituted by the committee and the substitute version was the one submitted to the Legislative Actuary, then that substitute bill is the only one, except as otherwise provided by subsection B of this section, which may be considered by the committee or by the House of Representatives or the Senate. |B. After completion of an actuarial investigation, any amendment to a retirement bill having a fiscal impact shall be out of order and shall not be allowed either by a committee or by the House of Representatives or the Senate, except for a nonfiscal or a reduction in cost amendment. Any amendment to a retirement bill having a fiscal impact shall be submitted to the Legislative Actuary by the chair of the committee, if a committee amendment, or by the presiding officer of the Senate or the House of Representatives if the amendment was made by the Senate or the House of Representatives. If the Legislative Actuary certifies in writing that the amendment is a nonfiscal amendment or if the amendment results in a reduction in cost and the Legislative Actuary provides an actuarial investigation as required in subsection A of Section 9 of this act, then the bill as amended, with the Legislative Actuary’s certification or actuarial investigation attached to the original of the amendment, may continue in the legislative process. If the Legislative Actuary will not issue such a certification for the amendment or if there is no actuarial study showing the reduced cost of the amendment, the bill’s progress in the legislative process will end, and the bill shall not be considered further by either the House of Representatives or the Senate.C. An amendment to a retirement bill having a fiscal impact which is prohibited by subsection B of this section may be withdrawn by the committee which made the amendment, if a committee amendment, or by the Senate, if that body made the amendment, or by the House of Representatives, if that body made the amendment. If the amendment is withdrawn, the bill may continue in the legislative process as any other bill, unless it is subsequently amended, and, in that event, this section shall apply to the subsequent amendment.Added by Laws 2006, c. 292, § 10, eff. July 1, 2006. Amended by Laws 2007, c. 367, § 11, eff. July 1, 2007.