Oklahoma legislation · 2026 Regular Session
Oklahoma HB1541: Agriculture Linked Deposits Program; definitions; procedures; deposit amounts; effective date; emergency.
Status: Chaptered, May 14, 2025
What the bill says
An Act relating to the Agriculture Linked Deposit Program; amending 2 O.S. 2021, Sections 5-82, 5-85, and 5-86, which relate to administration of the linked deposit program; modifying definitions; modifying provisions related to guidelines; modifying certain deposit amount; amending 62 O.S. 2021, Section 88-1B, which relates to maximum deposits by State Treasurer; modifying definitions; providing an effective date; and declaring an emergency. SUBJECT: Agriculture Linked Deposit Program.
From the enrolled text, May 7, 2025:
An Act relating to the Agriculture Linked Deposit Program; amending 2 O.S. 2021, Sections 5-82, 5-85, and 5-86, which relate to administration of the linked deposit program; modifying definitions; modifying provisions related to guidelines; modifying certain deposit amount; amending 62 O.S. 2021, Section 88-1B, which relates to maximum deposits by State Treasurer; modifying definitions; providing an effective date; and declaring an emergency. SUBJECT: Agriculture Linked Deposit Program SECTION 1. AMENDATORY 2 O.S. 2021, Section 5-82, is amended to read as follows: Section 5-82. As used in the Oklahoma Agricultural Linked Deposit Program: 1. "Agricultural domestic corporation" means any domestic corporation formed or licensed pursuant to the Oklahoma General Corporation Act or a limited domestic liability company formed or licensed pursuant to the Oklahoma Limited Liability Company Act and meeting the requirements of paragraph 5 of subsection A of Section 955 of Title 18 of the Oklahoma Statutes and meeting the requirements of subsection A of Section 951 of Title 18 of the Oklahoma Statutes; 2. "Agricultural linked deposit" means a certificate of deposit placed by the State Treasurer with an eligible lending institution or an investment in bonds, notes, debentures, or other obligations or securities issued by the federal farm credit bank with regard to an eligible lending institution for the purpose of carrying out the intent of this program; …