HB 2841
Public finance; Tobacco Settlement Endowment Trust Fund; venture capital; effective date.
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- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill modifies the Tobacco Settlement Endowment Trust Fund (TSETF) by allowing the investment of a portion of its funds in venture capital. It establishes a process for the investment committee to select venture capital managers and oversee investments. The bill also sets an effective date for these changes and clarifies the fund’s governance. This aims to potentially increase the fund’s returns and support economic growth in Oklahoma.
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