The Oklahoma State Regents for Higher Education may finance acquisition of or improvements to real property pursuant to the master lease program. The funds used by the Regents for the purposes authorized by this section shall be available for lease transactions having a minimum value of Fifty Thousand Dollars ($50,000.00) and a maximum value of Twenty-five Million Dollars ($25,000,000.00). Such leases shall have a term that is no more than the useful life of any real property or improvements acquired by institutions pursuant to the provisions of this section, and in no event, more than thirty (30) years.

Laws 2005, SB 745, c. 218, § 5, emerg. eff. May 24, 2005.