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EQUIPMENTAPPROVED

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

OPSU Approved for $500K OSRHE Bus Lease Financing

Estimated $500,000 plus issuance costsLangston UniversityOKLAHOMA STATE REGENTS FOR HIGHER EDUCATIONMarch 6, 2026

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Description

The board approved Oklahoma Panhandle State University's participation in the OSRHE 2026 Master Equipment Lease Program to finance the purchase of buses, estimated at $500,000. The program aggregates equipment purchases for state colleges to lower borrowing costs.

Contract Details

Contract Amount

Estimated $500,000 plus issuance costs

Vendor

OKLAHOMA STATE REGENTS FOR HIGHER EDUCATION

Agency

Langston University, OK

Contract Type

EQUIPMENT

Document Date

March 6, 2026

Contract Term

Master Lease, up to 7 years, starting 2026

Renewal Date

2033-06-30

Renewal Info

Master lease is typically a 7-year term with options to add future leases in subsequent years' programs. Renewal and reimbursement structured by OSRHE guidelines.

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