The following public entities are encouraged to and may invest up to five percent (5%) of their rolling three (3) year assets under management with the Invest In Oklahoma Program approved venture capital and growth funds as provided in Section 2 of this act:
1. The Board of Investors of the Tobacco Settlement Endowment Trust Fund;
2. The Commissioners of the Land Office;
3. The Teachers’ Retirement System of Oklahoma;
4. The Oklahoma Public Employees Retirement System;
5. The Oklahoma Firefighters Pension and Retirement System;
6. The Oklahoma Police Pension and Retirement System;
7. The Oklahoma Law Enforcement Retirement System;
8. The Uniform Retirement System for Justices and Judges; and 9. The Department of Wildlife Conservation Retirement Fund. B. The State Treasurer, acting within parameters established by the Invest in Oklahoma Board is authorized to and may place cash balance amounts in service with the Invest In Oklahoma program. For purposes of this subsection, the term "cash balance amounts" shall not include any monies deposited in or directed for deposit to:
1. The General Revenue Fund;
2. The Revenue Stabilization Fund;
3. The Education Reform Revolving Fund;
4. The Rate Preservation Fund;
5. Any Fund created under the Oklahoma Constitution;
6. Any fund from which the Legislature through law has authorized, appropriated, or transferred monies within the preceding three (3) fiscal years; or 7. Any revolving fund in the State Treasury specified for direct appropriation or authorization from the Legislature, or any revolving fund assigned to a state agency, unless such state agency specifically authorizes such investments from such fund and such authorization was approved by Invest in Oklahoma Board.