SB 283 Oklahoma Senate · 2026 Regular Session

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

SB 283 expands the annual transaction limit for Oklahoma's master lease program, which allows public higher education institutions to lease equipment and facilities without upfront costs. The bill specifically adds certain refunded lease projects to the annual limit calculation, enabling institutions to count these previously settled transactions toward their yearly cap. This change affects Oklahoma's public universities and colleges that use the master lease program for facility and equipment financing. The amendment updates Section 3206.6a of Title 70 of the Oklahoma Statutes and sets an effective date for implementation.
Bill status signed all 5 stages cleared
Introduction
Feb 2025
Committee Review
Apr 2025
Senate Passage
Mar 2025
House Passage
Apr 2025
Signed into Law
May 2025
Introduced Feb 3, 2025 Signed May 7, 2025
Maddy AI version diff · 4 comparisons

What changed between versions

Floor (House) Floor (Senate) · 4 edits
MODERATE
This bill updates the Oklahoma State System of Higher Education's financial management procedures to align with state finance standards and modernize lease financing provisions. The changes primarily involve formatting updates to reflect Senate floor approval, minor text corrections, and clarifications to ensure consistency with the Oklahoma State Finance Act and National Committee on Standard Reports guidelines.
TECHNICAL

Header and formatting updated from House version to Senate Floor Version with corrected page numbering and structural layout.

Minor text corrections and spacing adjustments throughout the statutory language to improve readability and consistency.

Added date stamp (February 17, 2025) and bill sponsor attribution (By: Rader) in Senate format.

Statutory references and section numbering adjusted to match Senate floor version conventions without substantive policy changes.

Floor votes · Senate Mar 17, 2025 · House Apr 29, 2025

How they voted

470
Passed · 2 other
Total votes 49
Mar 17, 2025
D Democratic9
9 Yea
100% Yea
R Republican40
38 Yea 2
95% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
23
Key actions
6
Committee
6
Apr 29, 2025
Committee
Referred for enrollment
upper
Apr 29, 2025
Lower · Passed
Third Reading, Measure passed: Ayes: 84 Nays: 3
lower
Apr 17, 2025
Lower · Passed
CR; Do Pass Appropriations and Budget Committee
lower
Apr 8, 2025
Lower · Passed
Recommendation to the full committee; Do Pass Appropriations and Budget Education Subcommittee
lower
Apr 2, 2025
Committee
Referred to Appropriations and Budget Education Subcommittee
lower
Mar 18, 2025
Introduced
First Reading
lower
Mar 18, 2025
Upper · Passed
Engrossed to House
upper
Mar 17, 2025
Committee
Referred for engrossment
upper
Mar 17, 2025
Upper · Passed
Measure passed: Ayes: 45 Nays: 0
upper
Feb 17, 2025
Upper · Passed
Reported Do Pass Revenue and Taxation committee; CR filed
upper
Feb 3, 2025
Introduced
First Reading
upper
2 primary · 0 co-sponsors

Sponsors