Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • What Is TREPS In Mutual Funds? | Business News
    • Mutual funds are taking cash calls—but are they working?
    • Investing in CIBC mutual funds
    • How To Buy Direct Mutual Funds Online In India | Business News
    • Top 3 Tax-saving ELSS Mutual Funds with Highest Returns: Rs 3.5 lakh invested in No. 1 fund has grown to Rs 12.66 lakh in just 5 years
    • Lum Sum vs Income Tax vs Inflation: What will be value of your Rs 1 lakh mutual fund investment in 20 years after paying tax, adjusting to inflation?
    • Invesco MF launches Income Plus Arbitrage Active Fund of Fund
    • SBI Mutual Fund launches AI chatbot ‘SmartAssist’ for WhatsApp-based investing
    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

    Mediolanum cède 3,5 % de Mediobanca, les hedge funds à l’affût

    July 1, 2025

    Les Fonds Lysander lancent de nouveaux fonds d’actions canadiennes

    June 27, 2025

    Auris Gestion dévoile un fonds investissant majoritairement dans la BITD européenne

    June 27, 2025
    Leave A Reply Cancel Reply

    Top Posts

    What Is TREPS In Mutual Funds? | Business News

    July 3, 2025

    Qu’est-ce qu’un green bond ?

    December 7, 2017

    les cat’ bonds deviennent incontournables

    September 5, 2018

    Quel est le rôle du service des impôts des particuliers (SIP) ?

    May 7, 2020
    Don't Miss
    Mutual Funds

    What Is TREPS In Mutual Funds? | Business News

    July 3, 2025

    Last Updated:July 03, 2025, 08:28 ISTTREPS or Treasury Bills Repurchase is an effective and secure…

    Mutual funds are taking cash calls—but are they working?

    July 2, 2025

    Investing in CIBC mutual funds

    July 2, 2025

    How To Buy Direct Mutual Funds Online In India | Business News

    July 2, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    US Bitcoin ETFs See $1.1 Billion Inflow This Week, BTC Holdings At All-Time High

    July 13, 2024

    Ambuja Cements block deal: GQG Partners, SBI Life, several mutual funds among buyers

    August 23, 2024

    Red Sox’ Big Four? Roman Anthony calls other rising prospect ‘Barry Bonds’

    August 14, 2024
    Our Picks

    What Is TREPS In Mutual Funds? | Business News

    July 3, 2025

    Mutual funds are taking cash calls—but are they working?

    July 2, 2025

    Investing in CIBC mutual funds

    July 2, 2025
    Most Popular

    ₹10,000 monthly SIP in this debt mutual fund has grown to over ₹70 lakh in 23 years

    June 13, 2025

    ₹1 lakh investment in these 2 ELSS mutual funds at launch would have grown to over ₹5 lakh. Check details

    April 25, 2025

    ZIG, BUZZ, NANC, and KRUZ

    October 11, 2024
    © 2025 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

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