SB 283: Oklahoma State System of Higher Education; expanding annual transaction limit of the master lease program. Effective date. - Oklahoma

Floor (House) → Floor (Senate) · 11 edits

MAJOR

This bill updates the Oklahoma State System of Higher Education's financial management procedures by modernizing statutory references, clarifying the relationship between the Regents and state finance authorities, and expanding lease financing program limits to include certain refunded projects. The changes streamline how funds are allocated and ensure alignment with current state accounting standards.

Scope change

The bill maintains the same core scope but updates statutory references and expands the annual transaction limit for the master lease program to include certain refunded projects.

TECHNICAL

Updated document header from House Floor Version to Senate Floor Version with revised date and formatting.

Revised the act's purpose statement to reflect updated statutory references and expanded lease program limits.

REQUIREMENT

Modified Section 34.53 to clarify that the Oklahoma State Regents for Higher Education replace the Director of the Office of Management and Enterprise Services for approving allotment requests from constituent institutions.

Added provision allowing Regents to reduce allocations to institutions for lease financing program payments under Section 3206.6a of Title 70.

Updated petty cash fund procedures to require reimbursement upon filing claims showing fund expenditure purposes.

Modified cash allocation procedures to base allocations on Regents' lump sum legislative appropriations rather than separate legislative appropriations.

Updated institutional income definitions to include revolving fund income and limit expenditures to unencumbered cash balances per Article X of the Oklahoma Constitution.

Revised allotment request procedures to require requests be filed at least 30 days prior to fiscal year beginning and broken down by uniform budget classifications.

Updated Regents' allotment approval criteria to include consideration of estimated revenue sufficiency as determined by the Director of the Office of Management and Enterprise Services.

Modified allotment procedures to require Regents to follow Oklahoma State Finance Act procedures for other state agencies, with mutual agreement on forms and account classifications.

FISCAL

Expanded annual transaction limit for the master lease program to include certain refunded projects.

Enrolled (final version) → Floor (House) · 3 edits

MINOR

This bill converts the Senate's final version of SB 283 into the House floor version, primarily updating formatting and header information while maintaining the same substantive content. The bill amends Oklahoma State Finance Act provisions governing how the Oklahoma State System of Higher Education allocates funds to its institutions.

Scope change

The bill's scope remains unchanged; it continues to govern the allotment system for the Oklahoma State System of Higher Education.

TECHNICAL

Updated bill header information to reflect House floor version with proper session designation (1st Session of the 60th Legislature, 2025) and formatting adjustments including page numbers and committee amendment indicators.

Reformatted the bill text to align with House floor version standards while preserving all substantive legislative language regarding fund allocation procedures.

FISCAL

No changes to funding amounts, eligibility criteria, or operational requirements for the Oklahoma State System of Higher Education allotment system.

Engrossed → Enrolled (final version) · 4 edits · Apr 30, 2025

MODERATE

The bill was finalized from its engrossed version to the enrolled version with minor formatting and structural adjustments. The substantive policy content remains unchanged, focusing on how the Oklahoma State System of Higher Education manages its budget and financial allocations.

TECHNICAL

Header formatting was updated from 'ENGROSSED SENATE' to 'ENROLLED SENATE' to reflect the bill's final passage status.

Page numbering and layout were adjusted to match the enrolled version format, with some text reflowed for clarity.

Minor text cleanup removed redundant phrases like 'said such institution' and streamlined sentence structures without changing meaning.

Some line breaks and spacing were adjusted to improve readability in the final enrolled version.

Introduced → Engrossed · 5 edits · Mar 17, 2025

MODERATE

The bill was amended from its introduced version to its engrossed version, primarily updating formatting, page numbering, and adding new provisions regarding budget classification standards and revenue realization checks. The substantive policy content regarding higher education funding allocation remains largely unchanged, with the main additions being procedural requirements for budget classifications and revenue verification.

Scope change

No substantive change to the bill's scope or applicability; changes are primarily formatting and procedural additions.

TECHNICAL

Updated the title page and formatting to reflect the engrossed version status with proper legislative identifiers and page numbering.

Removed draft formatting elements including requirement numbers and page footers that were present in the introduced version.

REQUIREMENT

Added new requirement that budget classifications must conform to standards adopted by both the Office of Management and Enterprise Services and the Regents, in addition to National Committee standards.

Added new requirement that revenue realization estimates must be sufficient before commitments can be made, adding a financial oversight check.

Added new provision requiring Regents to file approved requests with the Division of Central Accounting and Reporting and enter them in OMS records.

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

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