Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • 6 Safe Mutual Funds to Own in an Uncertain Market
    • Mutual funds log 5% AUM growth in Q2 despite equity market volatility | Mutual Funds
    • Earnings Season Playbook: The Sector ETFs to Watch as Q3 Results Roll In
    • Is Vanguard Target Retirement Income Fund (VTINX) a Strong Mutual Fund Pick Right Now?
    • Grab These 3 Lord Abbett Mutual Funds for Outstanding Returns
    • How US mortgage bonds can trigger a ‘vicious loop’ for Treasury yields
    • Is Fidelity Select Consumer Staples (FDFAX) a Strong Mutual Fund Pick Right Now?
    • Mid cap funds sink in Sept, but 6 schemes beat the Nifty Midcap 150; Taurus Mid Cap emerges as best performer
    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

    Best large and mid-cap mutual funds October 2026: Consistent performers across YTD, 3- and 5-year returns—and their beta

    October 6, 2026

    SEC Clears 3x Leveraged Bitcoin and Ethereum Funds for Trading

    October 5, 2026

    Funds: Seven funds launched from mid-August to mid-September

    October 4, 2026
    Leave A Reply Cancel Reply

    Top Posts

    Earnings Season Playbook: The Sector ETFs to Watch as Q3 Results Roll In

    October 7, 2026

    6 Safe Mutual Funds to Own in an Uncertain Market

    October 7, 2026

    Mutual funds log 5% AUM growth in Q2 despite equity market volatility | Mutual Funds

    October 7, 2026

    How US mortgage bonds can trigger a ‘vicious loop’ for Treasury yields

    October 7, 2026
    Don't Miss
    Mutual Funds

    6 Safe Mutual Funds to Own in an Uncertain Market

    October 7, 2026

    When you buy through links on our articles, Future and its syndication partners may earn…

    Mutual funds log 5% AUM growth in Q2 despite equity market volatility | Mutual Funds

    October 7, 2026

    Earnings Season Playbook: The Sector ETFs to Watch as Q3 Results Roll In

    October 7, 2026

    Is Vanguard Target Retirement Income Fund (VTINX) a Strong Mutual Fund Pick Right Now?

    October 7, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Best International Mutual Funds for 2025 – High-Return Global Investment Picks

    February 5, 2025

    NGX: Bonds moderate at N51.48 trillion as ETP rises to N32.19 billion  

    October 18, 2025

    Ethereum ETFs Draw $189 Million in Biggest Single-Day Haul in 10 Months

    August 20, 2026
    Our Picks

    6 Safe Mutual Funds to Own in an Uncertain Market

    October 7, 2026

    Mutual funds log 5% AUM growth in Q2 despite equity market volatility | Mutual Funds

    October 7, 2026

    Earnings Season Playbook: The Sector ETFs to Watch as Q3 Results Roll In

    October 7, 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.