Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • How much tax will you pay on ₹2 lakh stock, mutual fund or crypto gains? | Personal Finance
    • Is Janus Henderson Global Life Science T (JAGLX) a Strong Mutual Fund Pick Right Now?
    • What happens to your mutual fund units if an AMC shuts down? Franklin Templeton and Morgan Stanley cases offer answers
    • Bank of India Mutual Fund’s Mohit Bhatia: Research, Risk Discipline And The Search For Sustainable Alpha In Indian Equities
    • Some Dividend Growth ETFs Are Beating the Broad Market — Is It Sustainable?
    • Rs 25,000 SIP During A Market Fall: How Much More Can You Buy With The Same Money?
    • 5 Reasons Your SIP May Not Be Working for You – Money Insights News
    • Bitcoin ETFs See $461M Outflows This Week With Zero Inflows
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Funds»Oklahoma AG Orders State Superintendent to Release School Security Funds
    Funds

    Oklahoma AG Orders State Superintendent to Release School Security Funds

    August 19, 2024


    OKLAHOMA CITY, Okla. — Attorney General Gentner Drummond directed the Oklahoma State Department of Education (OSDE) on Sunday to distribute school security funds.

    The expedited opinion was issued in response to State Superintendent Ryan Walters’ August 12 request after news reports came out claiming OSDE was refusing to let schools keep unused money from the School Security Revolving Fund, reports KOCO. The funds were being withheld by the agency due to a legal disagreement with the state legislature, reports The Oklahoman.

    Related Article: Pennsylvania Announces $120M in School Safety, Student Mental Health Grants

    The School Security Revolving Fund was created in response to the 2022 mass shooting at Robb Elementary School in Uvalde, Texas. OSDE was directed to spend $50 annually to K-12 districts over three years.

    ——Article Continues Below——

    Get the latest industry news and research delivered directly to your inbox.

    Drummond’s legally binding opinion supports legislators’ claims that school districts can carry over the funds year over year.

    Opinion Harshly Criticizes OSDE’s Failure to Distribute School Security Funding

    “I find it deeply troubling that you have failed to properly administer these critical funds intended to protect Oklahoma’s schoolchildren,” the attorney general said in his opinion. “Of your numerous responsibilities as Superintendent of Public Instruction, none is more important than ensuring the physical protection of Oklahoma’s schoolchildren.

    “Even worse, you waited more than a year before seeking guidance from my office. 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. I pray that your failure to deploy these funds does not result in deadly consequences.”

    In the opinion, Drummond says OSDE “required a school district to first expend its own funds and then wait on reimbursement from the Department,” instead of sending the funds directly to schools as legislatively directed.

    Related Article: What Are the Biggest Threats to School Safety? Politics, Lobbyists, and Predatory Sales Tactics

    “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,” Drummond said in his opinion.

    Walters issued the following statement to NewsOn6 in response to the opinion:

    “Nothing is more important than the safety of our students and at NO time have our schools gone without security funding in any way. Due to ambiguity in the statute passed by the legislature, there was a question of whether some districts that did spend certain security funds in the previous fiscal year could legally roll over that money to this year. The legislature considered, but did not pass, an amendment that would have removed any doubt about the rollover issue. To get clarity on these legal issues, I requested this opinion from the Attorney General and our agency may now move forward.”



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    Investors pull money from equity funds as rising oil prices fuel inflation fears

    September 11, 2026

    Semiconductor stocks, our Top 50 Funds and Mortgage Advice Bureau

    September 10, 2026

    Top 50 Funds 2026: How we picked our favourite funds

    September 10, 2026
    Leave A Reply Cancel Reply

    Top Posts

    ETF Trading and Investment Strategies

    August 30, 2023

    How much tax will you pay on ₹2 lakh stock, mutual fund or crypto gains? | Personal Finance

    September 13, 2026

    Bonds Definition | What Does Bonds Mean

    September 7, 2010

    8 Charts on US Fund Flows: A Strong Start to 2026

    February 17, 2026
    Don't Miss
    Mutual Funds

    How much tax will you pay on ₹2 lakh stock, mutual fund or crypto gains? | Personal Finance

    September 13, 2026

    For investors, a ₹2 lakh gain does not necessarily mean a ₹2 lakh tax bill.…

    Is Janus Henderson Global Life Science T (JAGLX) a Strong Mutual Fund Pick Right Now?

    September 12, 2026

    What happens to your mutual fund units if an AMC shuts down? Franklin Templeton and Morgan Stanley cases offer answers

    September 12, 2026

    Bank of India Mutual Fund’s Mohit Bhatia: Research, Risk Discipline And The Search For Sustainable Alpha In Indian Equities

    September 12, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Bitcoin ETFs see biggest weekly inflow in 10 months

    August 24, 2026

    Why are mutual fund SIPs seeing record stoppages amid market volatility? Here’s what to know

    March 31, 2025

    BTC ETFs see over $500M in outflows as Bitcoin struggles to stay above $71K

    February 5, 2026
    Our Picks

    How much tax will you pay on ₹2 lakh stock, mutual fund or crypto gains? | Personal Finance

    September 13, 2026

    Is Janus Henderson Global Life Science T (JAGLX) a Strong Mutual Fund Pick Right Now?

    September 12, 2026

    What happens to your mutual fund units if an AMC shuts down? Franklin Templeton and Morgan Stanley cases offer answers

    September 12, 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.