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OK SB283
Bill
AI Summary
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Updates statutory reference in 62 O.S. 2021, Section 34.53 by changing lease financing program authorization from Section 3206.5 to Section 3206.6a of Title 70
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Expands the annual transaction limit for the master lease program to include projects refunded from previous issuances as an additional category of allowable financing
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Allows Oklahoma State Regents for Higher Education to finance acquisition, improvements, or refinance real property through master lease transactions with terms up to 30 years
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Requires all bonds issued after May 24, 2005 to be submitted to the Governor and Legislature within the first seven legislative days of each session, with 45-day disapproval period before deemed approval
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Becomes effective November 1, 2025
Legislative Description
Oklahoma State System of Higher Education; expanding annual transaction limit of the master lease program. Effective date.
Last Action
Becomes law without Governor's signature 05/07/2025
5/7/2025