Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Will you pay lower income tax on mutual fund capital gains after retirement? Know 7 ways to reduce your tax burden
    • 5 Best-Performing Equity Mutual Funds in August 2026 – Industry News
    • Investing in a popular mutual fund? 5 things to check beyond AUM and past returns
    • MF return vs investor reality: Small-cap funds gain 15%, but investors lose money. Here’s how
    • Small-cap mutual funds shine: These schemes led the six-month rally
    • Bitcoin ETFs erase most of their 2026 losses, with $1B left to go
    • CI Global Asset Management Announces Risk Rating Change for CI Floating Rate Income Fund
    • JioBlackRock AMC launches fund with dynamic equity-debt allocation
    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

    Pharma funds rally: How to pick right one based on portfolio, risk, costs | Personal Finance

    September 8, 2026

    The must-have funds fizzing with potential… if you’re willing to take the risk: JEFF PRESTRIDGE

    September 6, 2026

    Why Zerodha Fund House is bullish on life cycle funds

    September 4, 2026
    Leave A Reply Cancel Reply

    Top Posts

    Will you pay lower income tax on mutual fund capital gains after retirement? Know 7 ways to reduce your tax burden

    September 9, 2026

    Bitcoin ETFs erase most of their 2026 losses, with $1B left to go

    September 8, 2026

    5 Best-Performing Equity Mutual Funds in August 2026 – Industry News

    September 8, 2026

    Top 10 largest hedge funds by AUM

    February 2, 2026
    Don't Miss
    Mutual Funds

    Will you pay lower income tax on mutual fund capital gains after retirement? Know 7 ways to reduce your tax burden

    September 9, 2026

    Retirement means no salary, but that doesn’t mean you are off the hook for taxes.…

    5 Best-Performing Equity Mutual Funds in August 2026 – Industry News

    September 8, 2026

    Investing in a popular mutual fund? 5 things to check beyond AUM and past returns

    September 8, 2026

    MF return vs investor reality: Small-cap funds gain 15%, but investors lose money. Here’s how

    September 8, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Small-Cap Funds Rally 20% in April: Stay invested or book profits? Experts weigh in

    May 5, 2026

    A Fed Cut Is Almost Here—And Bond ETFs Could Be The Biggest Trade – Schwab Short-Term U.S. Treasury ETF (ARCA:SCHO), iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

    September 16, 2025

    Grayscale Investments Files For IPO On Declining Results And Parent Legal Clouds (GRAY)

    November 17, 2025
    Our Picks

    Will you pay lower income tax on mutual fund capital gains after retirement? Know 7 ways to reduce your tax burden

    September 9, 2026

    5 Best-Performing Equity Mutual Funds in August 2026 – Industry News

    September 8, 2026

    Investing in a popular mutual fund? 5 things to check beyond AUM and past returns

    September 8, 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.