HB 3625 Oklahoma House · 2026 Regular Session

Schools; investment; funds; effective date; emergency.

HB 3625 amends Oklahoma law governing school district financial management. It requires school districts to maintain separate ledgers for each fund and investment, sets a maximum bond amount for school district treasurers (not exceeding the county treasurer's bond), and mandates a written investment policy prioritizing safety and liquidity. The bill restricts school district investments to U.S. government securities, state obligations rated A+ or better, insured certificates of deposit, and other specified low-risk instruments. These changes standardize financial oversight for school district funds while limiting investment options to protect public money.

Issues: ✓ Budget & Taxes

Bill status passed 3 of 5 stages cleared

Introduction

Feb 2026

Committee Review

Apr 2026

House Passage

Mar 2026

Senate Passage

Governor

Introduced Feb 2, 2026 Last action Apr 8, 2026

Maddy AI version diff · 3 comparisons

What changed between versions

Floor (House) → Floor (Senate) · 3 edits

MINOR

The bill was transitioned from the House version to the Senate floor version, incorporating specific amendments and formatting changes. The most significant substantive change is the addition of a new provision allowing treasurers who have completed a specific training program to invest in a broader range of U.S. government obligations beyond the standard direct obligations. Other changes include clarifying reporting requirements for suspended treasurers and updating the formatting of the header and page numbers.

Scope change

The scope of the bill remains focused on school district financial management and investment rules, but the applicability of investment options has expanded for qualified treasurers.

ELIGIBILITY

Added a new provision allowing treasurers who complete a specific training program to invest in additional U.S. government obligations and federal agencies, expanding investment options for qualified officials.

REQUIREMENT

Clarified that suspended treasurers must immediately turn over all books, papers, and property to the board or an acting treasurer.

TECHNICAL

Updated header text, page numbers, and formatting to reflect the Senate floor version, including adding a note that bold face denotes committee amendments.

Floor votes · House Mar 11, 2026

How they voted

88–4

Passed · 8 other

Total votes 100

Mar 11, 2026

D Democratic18

16 Yea 2

88% Yea

R Republican82

72 Yea 4 Nay 6

87% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Apr 6, 2026

Upper · Passed

Reported Do Pass Revenue and Taxation committee; CR filed

upper

Mar 16, 2026

Introduced

First Reading

upper

Mar 16, 2026

Lower · Passed

Engrossed, signed, to Senate

lower

Mar 11, 2026

Committee

Referred for engrossment

lower

Mar 11, 2026

Lower · Passed

Third Reading, Measure and Emergency passed: Ayes: 88 Nays: 4

lower

Mar 5, 2026

Lower · Passed

CR; Do Pass Government Oversight Committee

lower

Feb 18, 2026

Lower · Passed

Policy recommendation to the Government Oversight committee; Do Pass Banking, Financial Services and Pensions

lower

Feb 12, 2026

Committee

Referred to Banking, Financial Services and Pensions

lower

Feb 12, 2026

Committee

Referred to Government Oversight

lower

Feb 2, 2026

Introduced

First Reading

lower

2 primary · 0 co-sponsors