Oklahoma State System of Higher Education; expanding annual transaction limit of the master lease program. Effective date.

More financing control for Oklahoma public colleges

Beginning November 1, 2025, Oklahoma’s higher education master lease program includes refinanced property projects in its annual transaction limit. The change gives participating colleges more financing flexibility, but does not specify a dollar increase or direct household payment. The State Regents, rather than the state management office, approve colleges’ requests to make allocated money available for spending. Colleges must submit these requests at least 30 days before each fiscal year, showing annual and quarterly or six-month needs. The Regents allocate annual funding in lump sums and can reduce allocations to cover master lease payments. Spending requires approved allotments, and spending from college income cannot exceed available, uncommitted cash. The Regents must review financial needs, accounting categories, and expected revenue before approving allotments. When revenue falls short, they must reduce later allotments; percentage cuts cannot exceed those ordered for other state agencies.