Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • XRP Price Forecast as Ripple ETFs Lead Inflows After SEC Chair Vows Action Amid CLARITY Act Failure
    • Bank of England expected to slow bond-buying programme and hold interest rates today – business live | Business
    • SEBI is said to ease arbitrage mutual fund rules to aid closing auction session
    • Paisabazaar enters mutual funds with daily SIP: What investors should know
    • Franklin Templeton Canada Announces Proposed Fund Mergers and Series Changes
    • Domestic investors shield Vietnam bonds from global selloff
    • BlackRock’s IBIT sees $144M in net outflows as bitcoin ETFs drop
    • What are “.U” ETFs? A guide to Canadian-listed U.S.-dollar ETFs
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Funds»Gentner Drummond cites potential “deadly consequences”
    Funds

    Gentner Drummond cites potential “deadly consequences”

    August 18, 2024


    Attorney General Gentner Drummond issued a formal opinion Sunday directing Ryan Walters to release to school districts millions of dollars in security funds appropriated by the Oklahoma Legislature in the wake of 2022’s deadly Uvalde, Texas, school shooting.

    Drummond’s formal opinion, which has the force of law, found that districts can carry over funds from one year to the next — despite Walters’ previous refusal.

    “This corrects the Department’s mismanagement that prevented school districts from receiving an equal distribution of Program Fund and an error that, in (Walters’) own words, concerns and puts at risk the safety of schoolchildren,” reads the new AG opinion.

    Passed in spring 2023, House Bill 2904 provided $50 million in each of the three years for public schools to improve safety, including the hiring of more police officers.

    People are also reading…

    In an accompanying letter to Walters, Drummond said he found it “deeply troubling” that the superintendent failed to administer the funds correctly. He also expressed frustration that Walters waited more than a year before seeking guidance from the Office of the Attorney General.

    “Those wasted months have resulted in school districts not receiving millions of dollars in funds they could have used to bolster security and protect students” wrote Drummond. “I pray that your failure to deploy these funds does not result in deadly consequences.”

    Moreover, the opinion found that the Oklahoma State Department of Education’s guidance to school districts was “inconsistent.”

    “The Department also advised school districts that their funds were available for carryover throughout the three-year program period but, arbitrarily and without notice, reversed course and zeroed out the district balances,” the opinion states.

    It notes three key reasons that carryover is allowed:

    • House Bill 2903, which established the program and revolving fund, placed no fiscal year restrictions on use of the funds;

    • The relevant statutes only use “expend” or “expenditure” when addressing the OSDE, meaning that the state agency is the only entity to have restrictions; and

    • No constitutional fiscal year limitations restrict the ability to carry the funds forward into a subsequent fiscal year.

    Drummond’s full opinion can be found here. 

    The Tulsa World is where your story lives

    The Tulsa World newsroom is committed to covering this community with curiosity, tenacity and depth. Our passion for telling the story of Tulsa remains unwavering. Because your story is our story. Thank you to our subscribers who support local journalism. Join them with limited-time offers at tulsaworld.com/story.



    Get Government & Politics updates in your inbox!

    Stay up-to-date on the latest in local and national government and political topics with our newsletter.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    Focused funds stay on fringes despite MF boom – Market News

    September 14, 2026

    Investors pull money from equity funds as rising oil prices fuel inflation fears

    September 11, 2026

    Private equity funds to buy as the sector bounces back

    September 11, 2026
    Leave A Reply Cancel Reply

    Top Posts

    XRP Price Forecast as Ripple ETFs Lead Inflows After SEC Chair Vows Action Amid CLARITY Act Failure

    September 17, 2026

    Domestic investors shield Vietnam bonds from global selloff

    September 16, 2026

    Final terms for bonds admitted to trading 17th September 2026

    September 15, 2026

    How to invest in index funds: What is an Index Fund?

    August 20, 2026
    Don't Miss
    ETFs

    XRP Price Forecast as Ripple ETFs Lead Inflows After SEC Chair Vows Action Amid CLARITY Act Failure

    September 17, 2026

    Ripple (XRP) price is up slightly today as the crypto market rebounds after the recent…

    Bank of England expected to slow bond-buying programme and hold interest rates today – business live | Business

    September 16, 2026

    SEBI is said to ease arbitrage mutual fund rules to aid closing auction session

    September 16, 2026

    Paisabazaar enters mutual funds with daily SIP: What investors should know

    September 16, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Ole Miss Punter Makes Rival Star’s Absurd Claim Look Foolish

    July 18, 2024

    Government bonds a “no-brainer” for inter-island tunnels, say Shetland Lib Dems

    December 17, 2025

    Real Estate Credit Investments Limited annonce le versement d’un dividende

    June 25, 2025
    Our Picks

    XRP Price Forecast as Ripple ETFs Lead Inflows After SEC Chair Vows Action Amid CLARITY Act Failure

    September 17, 2026

    Bank of England expected to slow bond-buying programme and hold interest rates today – business live | Business

    September 16, 2026

    SEBI is said to ease arbitrage mutual fund rules to aid closing auction session

    September 16, 2026
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025

    🇮🇸 CPP Investments and Equinix complete atNorth acquisition to support growth of leading Nordic data center platform

    September 1, 2026
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.