Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • A savings mutual fund has turned ₹10,000 monthly SIP into ₹56 lakh over 21 years
    • Building Rs 1 Crore Through SIP Made Simple – Money Insights News
    • Pitfalls to avoid when investing in sector ETFs
    • Most Retirees Have Never Heard of These 2 ETFs — Their Portfolios Suffer Because of It
    • Active ETFs Surge Past Passive, and These Are in the Lead
    • What Are Leveraged and Inverse ETFs? Risks, Rewards, and Key Strategies
    • SBI Mutual Fund Files IPO Papers with SEBI, Plans to offer 20.37 Crore Shares Via OFS
    • Which ETFs Can Replace a $70k Salary on Dividends Alone?
    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

    Consumption funds: Hold if you can withstand volatility, invest for 5 yrs | Personal Finance

    March 23, 2026

    Bond Funds That Have Offered Some Inflation Protection

    March 18, 2026

    Bank of Cyprus attracts strong interest from major global investment funds

    March 18, 2026
    Leave A Reply Cancel Reply

    Top Posts

    Building Rs 1 Crore Through SIP Made Simple – Money Insights News

    March 23, 2026

    The Shifting Landscape of Art Investment and the Rise of Accessibility: The London Art Exchange

    September 11, 2023

    Charlie Cobham: The Art Broker Extraordinaire Maximizing Returns for High Net Worth Clients

    February 12, 2024

    The Unyielding Resilience of the Art Market: A Historical and Contemporary Perspective

    November 19, 2023
    Don't Miss
    Mutual Funds

    A savings mutual fund has turned ₹10,000 monthly SIP into ₹56 lakh over 21 years

    March 24, 2026

    A monthly SIP in Canara Robeco Savings Fund has grown into over ₹56 lakh over…

    Building Rs 1 Crore Through SIP Made Simple – Money Insights News

    March 23, 2026

    Pitfalls to avoid when investing in sector ETFs

    March 23, 2026

    Most Retirees Have Never Heard of These 2 ETFs — Their Portfolios Suffer Because of It

    March 23, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    ‘Digital Assets, Tokenization To Trigger Influx Of Real Estate Investments’

    August 12, 2024

    Epic Games And GameStop Help Boost Video Game Investments To Two-Year High

    August 16, 2024

    Merseyside property investment firm to sell Ascot properties to people worldwide

    October 8, 2014
    Our Picks

    A savings mutual fund has turned ₹10,000 monthly SIP into ₹56 lakh over 21 years

    March 24, 2026

    Building Rs 1 Crore Through SIP Made Simple – Money Insights News

    March 23, 2026

    Pitfalls to avoid when investing in sector ETFs

    March 23, 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

    ₹10,000 monthly SIP in this mutual fund has grown to ₹1.52 crore in 22 years

    September 17, 2025
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

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