Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Auto and transportation mutual funds: SBI tops with 26% 1-year return, while the benchmark index gains just 2%
    • 4 Mutual Funds to Watch for Long-Term Investing – Money News
    • Equity mutual fund inflows rise 18%; SIP growth plateaus for third month
    • Debt mutual fund flows reverse sharply in August; is it a warning sign for investors?
    • XRP ETFs Stay Green as Bitcoin Redemptions Grow
    • Debt funds swing from inflow in July to ₹8,127 crore outflow in August
    • Equity fund inflows jump 19% in August; mid- and small-cap funds investor favourites – Mutual Funds News
    • Top 50 Funds 2026: How we picked our favourite funds
    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

    Top 50 Funds 2026: How we picked our favourite funds

    September 10, 2026

    Funds Europe Awards 2026: In-person judging commences

    September 9, 2026

    Pharma funds rally: How to pick right one based on portfolio, risk, costs | Personal Finance

    September 8, 2026
    Leave A Reply Cancel Reply

    Top Posts

    Brooke Thackray: Government bonds have a weak backdrop

    September 10, 2026

    Prediction Market ETFs Structure, Regulation, and Open Questions | Cornerstone Research

    September 9, 2026

    Auto and transportation mutual funds: SBI tops with 26% 1-year return, while the benchmark index gains just 2%

    September 11, 2026

    XRP ETFs Stay Green as Bitcoin Redemptions Grow

    September 10, 2026
    Don't Miss
    Mutual Funds

    Auto and transportation mutual funds: SBI tops with 26% 1-year return, while the benchmark index gains just 2%

    September 11, 2026

    Auto and transportation funds are sectoral mutual funds that invest primarily in companies across the…

    4 Mutual Funds to Watch for Long-Term Investing – Money News

    September 10, 2026

    Equity mutual fund inflows rise 18%; SIP growth plateaus for third month

    September 10, 2026

    Debt mutual fund flows reverse sharply in August; is it a warning sign for investors?

    September 10, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    What is New Fund Offer? Definition of New Fund Offer, New Fund Offer Meaning

    May 14, 2026

    William Penn schools get state funding for new roof and elevator

    October 23, 2024

    Faut-il investir dans les ETF ?

    April 30, 2025
    Our Picks

    Auto and transportation mutual funds: SBI tops with 26% 1-year return, while the benchmark index gains just 2%

    September 11, 2026

    4 Mutual Funds to Watch for Long-Term Investing – Money News

    September 10, 2026

    Equity mutual fund inflows rise 18%; SIP growth plateaus for third month

    September 10, 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.