Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Equity mutual funds’ average AUM rises 17% in FY26; flexi cap funds lead growth: Abakkus MF
    • Multi-asset fund-of-funds: Active option suits alpha, risk control seekers | Personal Finance
    • Nippon India Mutual Fund Starts Investor Awareness Campaign To Increase Retail Participation | Savings and Investments News
    • XRP News: GraniteShares Just Delayed Its 3x XRP ETFs to May 7
    • Exclusive: UK’s Aviva Investors bought $108m of Israeli government bonds in January sale
    • How AT1 Bonds Could Shape New UBS Banking Regulations in
    • 4 Ways Retirees Should Adjust Their Investments Amid the Iran War
    • WhiteOak Capital removes exit load on new equity and hybrid mutual fund investments from April 27, existing liquid and arbitrage fund charges unchanged
    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

    Cheapest flexi cap funds 2026: Top 5 low-cost picks with strong returns – Money News

    April 22, 2026

    Loan Against Mutual Funds: Interest Rates You Should Know Before Borrowing

    April 22, 2026

    Unclaimed Funds: What They Are and How to Reclaim Them

    April 22, 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

    How to start investing: The best platforms to get started as a beginner

    August 13, 2025

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

    November 19, 2023
    Don't Miss
    Mutual Funds

    Equity mutual funds’ average AUM rises 17% in FY26; flexi cap funds lead growth: Abakkus MF

    April 23, 2026

    Equity-oriented mutual funds recorded a 17.38% year-on-year increase in average assets under management (AAUM) in…

    Multi-asset fund-of-funds: Active option suits alpha, risk control seekers | Personal Finance

    April 23, 2026

    Nippon India Mutual Fund Starts Investor Awareness Campaign To Increase Retail Participation | Savings and Investments News

    April 23, 2026

    XRP News: GraniteShares Just Delayed Its 3x XRP ETFs to May 7

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

    Rally in corporate bonds prompts ‘bubble’ fears

    February 12, 2026

    This mutual fund has turned ₹10,000 monthly SIP into ₹19.58 lakh in 11 years

    May 28, 2025

    How to use a lumpsum calculator to plan your one-time mutual fund investment

    March 30, 2026
    Our Picks

    Equity mutual funds’ average AUM rises 17% in FY26; flexi cap funds lead growth: Abakkus MF

    April 23, 2026

    Multi-asset fund-of-funds: Active option suits alpha, risk control seekers | Personal Finance

    April 23, 2026

    Nippon India Mutual Fund Starts Investor Awareness Campaign To Increase Retail Participation | Savings and Investments News

    April 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

    ₹50 lakh retirement corpus: How to invest in SCSS, mutual funds, equities and other assets — CA offers tips

    April 16, 2026
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

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