AG: Lawmakers Can Decide How to Spend Nearly $500K in Defunct Opt-Out Guaranty Funds

The Oklahoma Attorney General said state lawmakers can decide how to spend nearly $500,000 held in a pair of funds created as part of the failed bid to bring a Texas-style opt-out option to employers. Attorney General Gentner Drummond on Wednesday opined that the $201,697 held in the Oklahoma Option Insured Guaranty Fund and the $277,723 in the Option Self-Insured Guaranty Fund are no longer being held in trust following the 2019 repeal of the Oklahoma Employee Injury Benefit Act.  "The Legislature should exercise sound judgment in accordance with Article V, Sections 36 and 55 of t...