The Oklahoma Public School Investment Interlocal was organized in August of 1996 and formed the Oklahoma Liquid Asset Pool (OLAP) to enable Oklahoma public schools to conveniently and effectively invest their operating and reserve funds.  OLAP’s Sponsoring Associations include the Cooperative Council of Oklahoma School Administration (CCOSA), Oklahoma State School Boards Association (OSSBA), Oklahoma Association of School Business Officials (OKASBO), and Organization of Rural Oklahoma Schools (OROS).  The governing Board of Directors responsibility is to develop policies and provide oversight of the investments in OLAP.  The investment objectives of OLAP, in order of priority, are safety of invested principal, maintenance of adequate liquidity, followed by evaluation of available yield while seeking to maintain a net asset value of $1.00 per share. 

 

The OLAP daily investment pool is managed by an SEC-Registered Investment Advisor and complies with Oklahoma State Code.

 

OLAP participants utilize the program’s many features, including an interactive participant recordkeeping system.  Participants can invest/withdraw funds on a daily basis without money movement or transaction charges from OLAP, check balances or view transaction history, and create individual sub-accounts that accrue and post interest separately.

 

OLAP strives to provide first class customer service through experienced administrators and marketing staff that can personally assist you with any OLAP inquiry.  Please contact us today to learn more about the additional benefits OLAP has to offer!

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OLAP also offers a Fixed Income Investment Program which allows Participants to individually invest monies in certificates of deposit issued by financial institutions and certain securities issued by the US Government or its agencies and instrumentalities.  This is a viable option for reserve funds or bond proceeds that do not require daily liquidity.

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