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Oklahoma Liquid Asset Pool

McDonald & Associates has worked with the Cooperative Council for Oklahoma School Administration, Organization of Rural Oklahoma Schools, the Oklahoma Association of School Business Officials, the Oklahoma State School Boards Association and Mr. Larry Lewis of Rosenstein, Fist & Ringold to develop the Oklahoma Public School Investment Program, an interlocal cooperative established under Oklahoma law to enable the district owners of the pool to increase their interest rate returns on their demand deposits and fixed investments.

The Program’s advantages include: safety of principal; meeting or exceeding all requirements under Oklahoma law; investment directives determined by Board of Directors comprised of school officials; the ability to write checks on demand accounts; and the achievement of a higher rate of return due to the size of the available pool of funds and the economies of scale.

For more info on OLAP please contact J.C. Leonard or visit www.olaponline.org

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