HB3625 School Investment Funds Act
Summary
Oklahoma HB3625 regarding school investment funds passed the House on March 11, 2026 with an 88-4 vote and received Do Pass from the Senate Revenue and Taxation Committee on April 6, 2026. The bill establishes requirements for investment of school funds and includes an emergency clause. Public schools and school districts in Oklahoma must comply with new investment fund management requirements.
What changed
Oklahoma HB3625 enacts new requirements for investment of school funds by Oklahoma public schools and school districts. The bill, which includes an emergency clause providing for immediate effectiveness, passed the House with strong bipartisan support (88-4) and advanced through the Senate committee process. The legislation affects how schools may invest and manage funds, potentially including restrictions on investment types, reporting requirements, or fiduciary standards. Schools and school districts should prepare to implement new investment policies and procedures in compliance with this legislation.
What to do next
- Review HB3625 investment fund requirements and compliance obligations
- Update school district investment policies and procedures to align with new legislation
- Coordinate with Oklahoma State Treasurer or appropriate oversight body regarding fund management requirements
Archived snapshot
Apr 7, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
ChangeBridge / Oklahoma / HB3625 Passed HB3625 House Bill Passed 2026-03-16
Schools; investment; funds; effective date; emergency.
Bill Details
State Oklahoma
Session 2026 Regular Session
Chamber House
Official Source www.oklegislature.gov/BillInfo.aspx?Bill=h...
LegiScan View on LegiScan
Sponsors
Mike Lay (Rep - R) Dave Rader (Sen - R)
Action History
2026-04-06 S Reported Do Pass Revenue and Taxation committee; CR filed 2026-04-01 S Second Reading referred to Revenue and Taxation 2026-03-16 S First Reading 2026-03-16 H Engrossed, signed, to Senate 2026-03-11 H Referred for engrossment 2026-03-11 H Third Reading, Measure and Emergency passed: Ayes: 88 Nays: 4 2026-03-11 H General Order 2026-03-05 H Authored by Senator Rader (principal Senate author) 2026-03-05 H CR; Do Pass Government Oversight Committee 2026-02-18 H Policy recommendation to the Government Oversight committee; Do Pass Banking, Financial Services and Pensions 2026-02-12 H Referred to Banking, Financial Services and Pensions 2026-02-12 H Referred to Government Oversight 2026-02-12 H Withdrawn from Rules Committee 2026-02-11 H Remove Representative Lawson as principal House author and substitute with Representative Lay 2026-02-03 H Second Reading referred to Rules 2026-02-02 H Authored by Representative Lawson 2026-02-02 H First Reading
Votes
2026-02-17 House: Banking, Financial Services and Pensions Committee: DO PASS Yea: 7 Nay: 0 2026-03-05 House: Government Oversight Committee: DO PASS Yea: 15 Nay: 0 2026-03-11 House: THIRD READING Yea: 88 Nay: 4 2026-04-06 Senate: Revenue & Taxation Committee: DO PASS Yea: 10 Nay: 0
Committee Referrals
2026-02-03 H Rules 2026-02-12 H Government Oversight 2026-02-12 H Banking, Financial Services and Pensions 2026-04-01 S Revenue and Taxation
Bill Text Versions
2026-01-15 Introduced 2026-03-06 Amended 2026-03-12 Engrossed Legislative data powered by LegiScan (CC BY 4.0)
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