---
type: "Bill"
title: "Commissioners of the Land Office; permanent school funds; investment caps; effective date; emergency."
description: "Commissioners of the Land Office; permanent school funds; investment caps; effective date; emergency."
jurisdiction: "us/states/ok"
legislature: "Oklahoma Legislature"
session: "2021"
identifier: "HB 2871"
citation: "Oklahoma HB 2871 (2021)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Thompson", "Wallace"]
version_count: 5
action_count: 20
vote_count: 0
first_action: "2021-02-01"
last_action: "2021-04-26"
source: "openstates"
source_identifier: "ocd-bill/0a14011d-5c27-4559-9604-56e4bfa2d4e0"
source_url: "http://www.oklegislature.gov/BillInfo.aspx?Bill=HB2871&session=2100"
source_hash: "cd8567b1c8f2d97dcf8fbb5e0edf0e83f48a24fe89080926b126d5b075e92126"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-ok"]
---

# Oklahoma HB 2871 (2021) — Commissioners of the Land Office; permanent school funds; investment caps; effective date; emergency.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Introduced** (filed) — [source](http://webserver1.lsb.state.ok.us/cf_pdf/2021-22 INT/hB/HB2871 INT.PDF)
2. **Engrossed** (committee substitute) — [source](http://webserver1.lsb.state.ok.us/cf_pdf/2021-22 ENGR/hB/HB2871 ENGR.PDF)
3. **Enrolled (final version)** (committee substitute) — [source](http://webserver1.lsb.state.ok.us/cf_pdf/2021-22 ENR/hB/HB2871 ENR.PDF)
4. **Floor (House)** (committee substitute) — [source](http://webserver1.lsb.state.ok.us/cf_pdf/2021-22 FLR/HFLR/HB2871 HFLR.PDF)
5. **Floor (Senate)** (committee substitute) — [source](http://webserver1.lsb.state.ok.us/cf_pdf/2021-22 FLR/SFLR/HB2871 SFLR.PDF)

## Sponsors

- Thompson — primary (person)
- Wallace — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2021-02-01** First Reading `introduction, reading-1`
- **2021-02-01** Authored by Representative Wallace
- **2021-02-02** Second Reading referred to Appropriations and Budget `reading-2, referral-committee`
- **2021-02-04** CR; Do Pass Appropriations and Budget Committee `committee-passage`
- **2021-02-04** Authored by Senator Thompson (principal Senate author)
- **2021-03-09** General Order
- **2021-03-09** Third Reading, Measure and Emergency passed: Ayes: 96 Nays: 0 `passage, reading-3`
- **2021-03-09** Referred for engrossment
- **2021-03-10** Engrossed, signed, to Senate `passage`
- **2021-03-10** First Reading `introduction, reading-1`
- **2021-03-17** Second Reading referred to Appropriations `reading-2, referral-committee`
- **2021-03-24** Reported Do Pass Appropriations committee; CR filed `committee-passage`
- **2021-04-20** General Order, Considered
- **2021-04-20** Measure and Emergency passed: Ayes: 36 Nays: 10 `passage`
- **2021-04-20** Engrossed measure signed, returned to House `passage`
- **2021-04-20** Referred for enrollment
- **2021-04-21** Enrolled, signed, to Senate
- **2021-04-21** Enrolled measure signed, returned to House
- **2021-04-21** Sent to Governor `executive-receipt`
- **2021-04-26** Approved by Governor 04/26/2021 `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/0a14011d-5c27-4559-9604-56e4bfa2d4e0`. Confidence: reported (aggregated from official Oklahoma legislature records).