EQUIPMENTPENDING

OSU/A&M Board of Regents Meeting Agenda March 2026

OPSU Seeks State Regents Approval for Bus Lease Financing

Estimated $500,000 plus issuance costsOklahoma State University Institute Of TechnologyOKLAHOMA STATE REGENTS FOR HIGHER EDUCATIONMarch 6, 2026

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Description

Oklahoma Panhandle State University seeks Board authorization to participate in the 2026 OSRHE Master Equipment Lease Program to finance an estimated $500,000 for bus purchases, pending inclusion in the statewide master lease bond issuance.

Contract Details

Contract Amount

Estimated $500,000 plus issuance costs

Vendor

OKLAHOMA STATE REGENTS FOR HIGHER EDUCATION

Agency

Oklahoma State University Institute Of Technology, OK

Contract Type

EQUIPMENT

Document Date

March 6, 2026

Contract Term

7 years (anticipated master lease term)

Renewal Info

Master lease structure; standard state master lease with no auto-renewal. At term end, equipment may be replaced or sold.

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jenks_public_schools_board_of_education_regular_me.pdf

lawton_public_schools_board_of_education_regular_m.pdf

APPROVED

Lawton Public Schools (Oklahoma)November 17, 2025

Issuing Agency

Oklahoma State University Institute Of Technology

Higher Ed

Okmulgee, OK

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Vendor