Bond Programs
Lori Johnson, Chief, Financial Assistance Division
Oklahoma Water Resources Board
Oklahoma Water Resources Board
Learn about Oklahoma Water Resources Board including our News & Press Releases, Projects, and Team.
Have questions? Reach out to us directly.
Learn about Oklahoma Water Resources Board including our News & Press Releases, Projects, and Team.
The OWRB's mission is to protect and enhance the quality of life for Oklahomans by managing and improving the state’s water resources to ensure clean and reliable water supplies, a strong economy, and a safe and healthy environment.
Our primary duties and responsibilities include water use appropriation and permitting, water quality monitoring and standards, financial assistance for water/wastewater systems, dam safety, floodplain management, water supply planning, technical studies and research, and water resource mapping.
The Welch Public Works Authority Receives $64,900 Emergency Grant for Infrastructure Repair from the OWRB
OKLAHOMA CITY – The Welch Public Works Authority (Authority) in Craig County received approval for a $64,900 Emergency Grant Tuesday through the Oklahoma Water Resources Board (OWRB) to improve the Authority’s water infrastructure.
The Welch Public Works Authority, which operates a public water supply system serving the community, is addressing critical infrastructure needs following recent weather events. After receiving nine inches of rain in early November, the Authority identified a leak in the north wall of its clearwell, likely caused by a foundation shift exacerbated by flooding after extreme drought conditions. To ensure continued reliable water service, the Authority plans to construct a new 30,000-gallon clearwell, along with all necessary
appurtenances. The $194,000 project is funded through a $64,900 OWRB Emergency Grant, $100,000 in RIG Grant Funds, and $29,100 in local contributions. This investment will enhance the resilience and functionality of the town’s water system.
Lori Johnson, chief of the OWRB's Financial Assistance Division, calculated that the OWRB Emergency Grant will save the Authority’s customers $124,300 in principal and interest charges by not having to borrow the project funds.
The Wayne Public Works Authority Receives $99,999 REAP Grant for Water System Improvements from the OWRB
OKLAHOMA CITY – The Wayne Public Works Authority (Authority) in McClain County received approval for a $99,999 Rural Economic Action Plan (REAP) grant Tuesday through the Oklahoma Water Resources Board (OWRB) to improve the Authority’s Water infrastructure.
The Wayne Public Works Authority owns and operates a water treatment plant, with distribution storage consisting of two standpipes and an elevated storage tank. Currently, the elevated tank is out of service, and both the West and East standpipes require repairs. To address these challenges, the Authority is proposing a project to repair, rehabilitate, and repaint the West tower, along with necessary appurtenances. The total cost of the project is $449,999, with funding provided by an OWRB REAP grant of $99,999 and $350,000 from McClain County ARPA funds. This project will enhance the reliability of the water system and ensure compliance with state regulations.
Lori Johnson, chief of the OWRB's Financial Assistance Division, calculated that the OWRB REAP grant will save the Authority’s customers $169,700 in principal and interest charges by not having to borrow the project funds.
Town of Tatums Receives $80,000 REAP Grant for Wastewater System Improvements from the OWRB
OKLAHOMA CITY – The Town of Tatums (Town) in Carter County received approval for an $80,000 Rural Economic Action Plan (REAP) grant Tuesday through the Oklahoma Water Resources Board (OWRB) to improve the Town’s Wastewater infrastructure.
The Town operates a public wastewater collection system that has seen limited maintenance since its construction in 1982, with the exception of lift station upgrades in 2021. Recently, the Town has faced challenges to maintain flow measurement devices in proper working order. To address this and improve system monitoring, the Town proposes to install a flow meter with vault and SCADA system, along with all necessary appurtenances. The total cost of the project is $80,000, which will be fully funded by an OWRB REAP grant. This upgrade will ensure compliance with regulatory requirements and enhance the reliability of the wastewater system.
Lori Johnson, chief of the OWRB's Financial Assistance Division, calculated that the grant will save the Authority’s customers $139,900 in principal and interest charges by not having to borrow the project funds.
The Oklahoma Water Resources Board's (OWRB) Financial Assistance Division assists communities in their efforts to protect and conserve Oklahoma's water resources for current and future generations through cost-effective financial products, technical assistance, and high quality customer service. To find more information, please visit here.
Loan Programs:
The CWSRF loan program is funded by EPA capitalization grants, state matching funds, and bonds. The CWSRF is administered by the OWRB. The interest rate is approximately 60% of AAA market rate with 40% savings through federal subsidy.
The DWSRF loan program is funded by EPA capitalization grants, state matching funds, loan repayments, investment earnings, and bonds. The DWSRF is co-administered by the OWRB and the Oklahoma Department of Environmental Quality (ODEQ). The interest rate is approximately 70% of AAA market rate with 30% savings through federal subsidy.
The OWRB's state loan revenue bond program offers long term, variable interest rate funding with a fixed rate conversion option. This low interest rate is based on the OWRB's AAA credit rating.
Grant Programs:
The Emergency Grant Program is a point-based program designed to assist communities facing crises which threaten life, health, or property.
The REAP Grant Program is a point-based program designed to assist smaller communities that lack sufficient fiscal capacity. Cities, towns, and municipalities with a population less than 1,750 are given priority. Rural water and/or sewer districts with less than 525 non-pasture customers are also given priority.
Have questions? Reach out to us directly.