Okla. Stat. tit. 62 § 89.6

Current through Laws 2024, c. 453.

Section 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 Twenty-five 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 (21/2) 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.

Okla. Stat. tit. 62, § 89.6

Amended by Laws 2016 , c. 296, s. 1, eff. 8/25/2016.

Added by Laws 1993, SB 578, c. 260, § 29, emerg. eff. 7/1/1993; Amended by Laws 1996, HB 2373, c. 219, § 3, emerg. eff. 7/1/1996; Amended by Laws 2009 , HB 1780, c. 433, §9, eff. 11/1/2009; Amended by Laws 2010 , HB 3315, c. 241, §8, emerg. eff. 5/10/2010; Amended by Laws 2011 , SB 571, c. 261, §4, eff. 11/1/2011; Amended by Laws 2012 , SB 1796, c. 222, §2.