Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Multi-asset funds AUM grows nearly 500% in 3 years. What is driving investor interest? – Mutual Funds News
    • Stocks and bonds are moving together. Here’s why you shouldn’t worry
    • Spot ETH ETFs pull in $1.75B in August 2026, best month in a year
    • Why Do Pension Funds Hold Bonds in Their Portfolios?
    • Oil ETFs: a new way to trade an oil spike
    • People Are Letting AI Agents Manage Their Stock Portfolios Now
    • Bitcoin vs. Ethereum ETFs: Which Has More Room to Grow in 2026
    • $250,000 in These 3 High-Income ETFs Could Pay You ~$2,800 a Month
    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

    Semiconductor stocks, our Top 50 Funds and Mortgage Advice Bureau

    September 10, 2026

    Top 50 Funds 2026: How we picked our favourite funds

    September 10, 2026

    Funds Europe Awards 2026: In-person judging commences

    September 9, 2026
    Leave A Reply Cancel Reply

    Top Posts

    ₹10,000 per month in PPF or SIP? Which builds more wealth in 15 years – A comparison of post-tax return

    August 29, 2026

    Active ETFs Are Booming. Manager Selection Matters More Than Ever

    September 10, 2026

    These 5 ETFs Are Built for Bear Markets. History Says Now Is a Fantastic Time to Buy.

    September 10, 2026

    Converting Your IRA to a Roth Means Paying the Tax Early on Purpose, and These 3 ETFs Are Why It Still Wins

    September 10, 2026
    Don't Miss
    Mutual Funds

    Multi-asset funds AUM grows nearly 500% in 3 years. What is driving investor interest? – Mutual Funds News

    September 11, 2026

    In August 2026, hybrid mutual funds in the mutual fund sector saw a positive inflow…

    Stocks and bonds are moving together. Here’s why you shouldn’t worry

    September 11, 2026

    Spot ETH ETFs pull in $1.75B in August 2026, best month in a year

    September 11, 2026

    Why Do Pension Funds Hold Bonds in Their Portfolios?

    September 11, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Active ETFs reach new record of $1.86tn

    December 23, 2025

    Private Equity-Venture Capital investments in Tamil Nadu surge during first quarter of 2025

    April 1, 2025

    Tennessee Secures Historic Investment to Modernize Memphis Infrastructure

    July 12, 2024
    Our Picks

    Multi-asset funds AUM grows nearly 500% in 3 years. What is driving investor interest? – Mutual Funds News

    September 11, 2026

    Stocks and bonds are moving together. Here’s why you shouldn’t worry

    September 11, 2026

    Spot ETH ETFs pull in $1.75B in August 2026, best month in a year

    September 11, 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.