INTRODUCTION
## Legislative bill overview
This bill establishes the Legacy Investment Board to manage investments for the new Oklahoma Legacy Fund. The goal is to create a long-term investment fund to supplement state revenue in the future.
## Why is this important
Creating a legacy fund could provide revenue stability for Oklahoma in the future during economic downturns. However, appropriate oversight and risk management will be critical.
## Potential points of contention
- Ensuring the Legacy Investment Board has expertise in long-term funds management
- Balancing investment growth versus minimizing risk of losses
- Determining appropriate uses for excess fund revenue in the future
STATUS
almost 2 years ago -
Engrossed