Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Mutual fund portfolio for young investors: Is a 4-fund mix sufficient? – Money News
    • Direxion files for 92 ETFs in a single batch, potentially setting a world record
    • Unique investor additions by mutual funds hit 3-year low in April | Mutual Funds
    • Kopernik Global All-Cap Equity Fund’s Q1 2026 Investor Letter
    • 4 Dividend ETFs That Could Fund an $1,800-a-Month Golf Habit
    • Sectoral mutual funds lose sheen — Inflows & folio additions plunge as investors seek diversification – Mutual Funds News
    • Explainer: How payroll SIP cuts may help employees build wealth – Money News
    • Differences Between SPDRs, Vanguard ETFs, and iShares 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

    Sectoral mutual funds lose sheen – Mutual Funds News

    May 28, 2026

    Hedge Funds Are Built To Beat The Market, But Most Indians Cannot Get In: Here’s Why

    May 27, 2026

    Hedge Funds Are Losing Their Edge in a World of ETFs

    May 26, 2026
    Leave A Reply Cancel Reply

    Top Posts

    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

    Trump’s Investments Raise Alarms As Disclosures Reveal Purchase of Netflix, Warner Bros Bonds After Megadeal Announcement

    January 16, 2026
    Don't Miss
    Mutual Funds

    Mutual fund portfolio for young investors: Is a 4-fund mix sufficient? – Money News

    May 30, 2026

    Getting started with mutual fund investing often happens organically. After landing a job, you start…

    Direxion files for 92 ETFs in a single batch, potentially setting a world record

    May 29, 2026

    Unique investor additions by mutual funds hit 3-year low in April | Mutual Funds

    May 29, 2026

    Kopernik Global All-Cap Equity Fund’s Q1 2026 Investor Letter

    May 29, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Report Finds Trump Quietly Made 170 Investments Worth Over $20M as His Policies Affected Finance Firms

    March 8, 2026

    February was the strongest month for mutual fund sales in three years: IFIC

    March 21, 2025

    YieldMax® ETFs Announces Distributions on ULTY, CONY, FIAT, HOOY, LFGY and Others

    September 17, 2025
    Our Picks

    Mutual fund portfolio for young investors: Is a 4-fund mix sufficient? – Money News

    May 30, 2026

    Direxion files for 92 ETFs in a single batch, potentially setting a world record

    May 29, 2026

    Unique investor additions by mutual funds hit 3-year low in April | Mutual Funds

    May 29, 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

    ₹9000 monthly SIP can help you retire at 45 with ₹2 lakh monthly pension

    May 5, 2026
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

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