Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • PRWCX – T. Rowe Price Capital Appreciation Fund NAV & Performance
    • RWMGX – American Funds Washington Mutual Investors Fund Class R-6 NAV & Performance
    • FPIs Sell Rs. 21,043 Crore as Mutual Funds Buy Up Tech Shares
    • Is BlackRock Advantage Small Cap Core A (BDSAX) a Strong Mutual Fund Pick Right Now?
    • Buy 3 Calamos Mutual Funds for Potential Returns
    • Bitcoin ETFs Bleed $430 Million as Tech Rout Tests Wall Street Buyers
    • Neo Group launches mutual fund business, plans schemes across asset classes
    • AI economics: How to decide which AI investments are worth scaling
    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

    Investors pull billions in funds from Binance after record $6.3bn hack | Binance

    November 1, 2026

    Should I invest in sector funds such as banking, technology, pharma | Personal Finance

    November 1, 2026

    Index vs actively managed funds: What’s better for new investors? | Personal Finance

    October 31, 2026
    Leave A Reply Cancel Reply

    Top Posts

    PRWCX – T. Rowe Price Capital Appreciation Fund NAV & Performance

    November 7, 2026

    Very Strong Showing For Bonds Considering The Headwinds

    November 6, 2026

    NS&I is falling short but that’s good news for your Premium Bonds, says SYLVIA MORRIS

    November 4, 2026

    Asset Owner Insights: CPP Investments says sustainable investing must evolve

    November 6, 2026
    Don't Miss
    Mutual Funds

    PRWCX – T. Rowe Price Capital Appreciation Fund NAV & Performance

    November 7, 2026

    The last time new investors could buy shares of T. Rowe Price Capital Appreciation, Theranos…

    RWMGX – American Funds Washington Mutual Investors Fund Class R-6 NAV & Performance

    November 6, 2026

    FPIs Sell Rs. 21,043 Crore as Mutual Funds Buy Up Tech Shares

    November 6, 2026

    Is BlackRock Advantage Small Cap Core A (BDSAX) a Strong Mutual Fund Pick Right Now?

    November 6, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    The Bond Market Is Selling Off After Traders Got Fed Forecasts Wrong

    October 22, 2024

    South Korea tightens grip on high-risk ETFs as investor losses mount

    August 4, 2026

    3 Spooky Signs That You’re About to Lose Your Money on a Healthcare Stock Investment

    October 26, 2024
    Our Picks

    PRWCX – T. Rowe Price Capital Appreciation Fund NAV & Performance

    November 7, 2026

    RWMGX – American Funds Washington Mutual Investors Fund Class R-6 NAV & Performance

    November 6, 2026

    FPIs Sell Rs. 21,043 Crore as Mutual Funds Buy Up Tech Shares

    November 6, 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.