This project examines policies related to facilities at public institutions of higher education in Oklahoma in the context of a current legislative debate over a bond issue to fund facilities. The last bond issue for Oklahoma higher education was in 1968. Verification of a representative sample of 27 campus master plans validated an earlier estimate by state regents of $1.1 billion in total capital needs. This study calls for the passage of the bond issue allocating $258 million to higher education. The study also recommends a bond issue of $685 million to be funded within the next 3 years through a permanent Gross Receipts Tax on Homeowner Electric Usage of .00335 cents per kilowatt hour. This would produce a revenue stream of between $65 and $80 million per year to allow for bonding of $685 million to be repaid over a 20 year period. In addition the study recommends the creation of an Oklahoma Higher Education Facilities Authority to administer the receipts of the tax, develop and approve a coordinated capital master plan for the states infrastructure, and appropriate sums needed to the governing boards of the specific institutions. These recommendations would address the current crisis and create a long-term solution to maintaining higher education facilities. (JB)