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OK SB283

Bill

Status

Passed

5/7/2025

Primary Sponsor

Dave Rader

Click for details

Origin

Senate

2026 Regular Session

AI Summary

  • Amends the Oklahoma State Finance Act to update the statutory reference for the lease financing program from Section 3206.5 to Section 3206.6a of Title 70

  • Expands the annual transaction limit for the real property master lease program by adding "any projects refunded from a previous issuance" as a new category that counts toward the combined total of allowable transactions

  • Updates minor statutory language throughout, including changing "said" to "such" or "the" and correcting "six-months" to "six-month"

  • Effective date is 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

Committee Referrals

Appropriations and Budget Education Subcommittee4/2/2025
Appropriations and Budget4/1/2025
Revenue and Taxation2/4/2025

Full Bill Text

No bill text available