[Cobo] FW: AG Opinion - Master Lease Program

[Mauck, Sheri]

Please see important information released from AG on the Master Lease Program. Please watch for further information to come regarding the process on moving forward. Thank you.

From: Paliotta, Amanda
Sent: Wednesday, December 19, 2012 4:03 PM
To: Mauck, Sheri
Subject: Fwd: AG Opinion - Master Lease Program

Please get this to the business officers as quickly as possible. Thanks.

Sent from my iPhone

Begin forwarded message:
From: "Johnson, Dr. Glen" <gjohnson at osrhe.edu<mailto:gjohnson at osrhe.edu>>
Date: December 19, 2012, 3:59:57 PM CST
To: "Paliotta, Amanda" <apaliotta at osrhe.edu<mailto:apaliotta at osrhe.edu>>, "Hardcastle, Ben" <bhardcastle at osrhe.edu<mailto:bhardcastle at osrhe.edu>>, "Fair, Bryce" <bfair at osrhe.edu<mailto:bfair at osrhe.edu>>, Chad Alexander <chadalexander4 at gmail.com<mailto:chadalexander4 at gmail.com>>, "Ross, Dr. Cindy" <cross at cameron.edu<mailto:cross at cameron.edu>>, "Cunningham, Janet" <jlcunningham at nwosu.edu<mailto:jlcunningham at nwosu.edu>>, Danny Hilliard <dhilliard at ou.edu<mailto:dhilliard at ou.edu>>, "Boren, Dr. David" <dboren at ou.edu<mailto:dboren at ou.edu>>, Gary Davidson <gdavidson at rose.edu<mailto:gdavidson at rose.edu>>, "Hargis, Burns" <osupres at okstate.edu<mailto:osupres at okstate.edu>>, "Hunt, Hollye" <hhunt at osrhe.edu<mailto:hhunt at osrhe.edu>>, Houston Davis <hdavis at osrhe.edu<mailto:hdavis at osrhe.edu>>, Jason Ramsey <jason.ramsey at okstate.edu<mailto:jason.ramsey at okstate.edu>>, Jerrod Shouse <jrshouse at gmail.com<mailto:jrshouse at gmail.com>>, "Steward, Jerry" <jsteward at occc.edu<mailto:jsteward at occc.edu>>, Jim Dunlap <jim at dunlapconsultants.com<mailto:jim at dunlapconsultants.com>>, "Devane, Dr. Larry F." <devanel at redlandscc.net<mailto:devanel at redlandscc.net>>, "Rice, Larry" <lrice at rsu.edu<mailto:lrice at rsu.edu>>, "Philpott, Mary" <lbrookey at tulsacc.edu<mailto:lbrookey at tulsacc.edu>>, Pat Hall <pat at pjhall.net<mailto:pat at pjhall.net>>, "Hamlin, Payton" <phamlin at osrhe.edu<mailto:phamlin at osrhe.edu>>, "Beutler, Randy" <randy.beutler at swosu.edu<mailto:randy.beutler at swosu.edu>>, Robert White <robert.white at okstate.edu<mailto:robert.white at okstate.edu>>, "Britton, Terry" <tbritton at rose.edu<mailto:tbritton at rose.edu>>, "McKeon, Tom Dr." <tmckeon at tulsacc.edu<mailto:tmckeon at tulsacc.edu>>, "Hutchison, Tony" <thutchison at osrhe.edu<mailto:thutchison at osrhe.edu>>, "Utterback, Dr. James" <j.utterback at sscok.edu<mailto:j.utterback at sscok.edu>>
Subject: AG Opinion - Master Lease Program

OKLAHOMA STATE REGENTS FOR HIGHER EDUCATION


Memo


To:                          Legislative Network
From:                    Chancellor Glen D. Johnson
Date:                     Wednesday, December 19, 2012
Subject:               Attorney General Opinion - Master Lease Program


The Attorney General's Chief of Staff, Melissa Houston, just advised me of the Attorney General's opinion on the Master Lease Program.  From Higher Education's standpoint, the opinion appears to be favorable in every aspect.

In essence, the five chief components of the opinion are:

1.  The statutes authorizing the Master Lease Program are constitutional.

2.  The Master Lease Program does not impermissibly delegate Legislative authority to the State
Regents.

3.  The State Regents may use the Master Lease Program to construct a building to be utilized by
a state agency not under the State Regents' direction - so long as the construction of the building fits with the State Regents' constitutionally-defined educational mission.

4.  Repayment of any bonded indebtedness created under the Master Lease Program is the
responsibility of whoever is designated as responsible in any particular transaction.

5.  The Legislature has not placed a statutory dollar limit on the amount of indebtedness that can
be incurred by the State Regents with respect to acquiring real property through the Master Lease Program.

The entire opinion can be reviewed at the link below.

Please let me know if you have any questions.

http://www.oag.state.ok.us/oagweb.nsf/a04cdf96201b5ef3862572b4007b9753/935314addeb54fa786257ad9006da3a1!OpenDocument

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