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.
OKLAHOMA CITY – The Norman Utilities Authority (Authority) received approval for $2,000,000 in funding on Tuesday from the Oklahoma Water Resources Board (OWRB) to improve the Authority’s water and wastewater infrastructure. Construction of upgrades and improvements to the water and wastewater systems will be financed by the OWRB American Rescue Plan Act (ARPA) grant program.
The Authority, which operates the city’s water and wastewater systems, will utilize the funding to support construction of a new line maintenance facility. Previously, line maintenance staff worked out of outdated facilities that limited efficiency and delayed response times to community needs. The new facility is specifically designed to provide staff with the space, equipment, and strategic location required to respond more quickly and effectively to water and wastewater line issues across Norman. The total cost of the project was $8,300,119.63 which was funded by local funds and will now receive $2,000,000.00 in reimbursement from OWRB ARPA funds.
Lori Johnson, chief of the OWRB’s Financial Assistance Division, calculated that the Authority’s customers will save an estimated $3,314,400.00 compared to traditional financing.
OKLAHOMA CITY – The Clarita-Olney Rural Water District, Coal County (District) received approval for a $350,000 loan with 100% principal forgiveness on Tuesday from the Oklahoma Water Resources Board (OWRB) to improve the District’s water infrastructure. Construction of upgrades and improvements to the water system will be financed by the Oklahoma Drinking Water State Revolving Fund (DWSRF).
The District operates a water system that serves the community in Coal County. Currently, the system relies on outdated manual-read meters and lacks the technology to quickly detect issues such as pipe or pump failures, which can result in significant water loss and low tank levels. This project will replace antiquated meters and upgrade the system with modern monitoring technology, including automated controls and remote telemetry, to track pump operations and standpipe water levels in real time. These improvements will strengthen system efficiency, reduce water loss, and ensure the District can continue providing adequate pressure and dependable service to its residents.
Lori Johnson, chief of the OWRB’s Financial Assistance Division, calculated that the District’s customers will save an estimated $524,700 compared to traditional financing.
OKLAHOMA CITY – The Walters Public Works Authority (Authority) in Cotton County received approval for a $33,382 Emergency Grant on Tuesday through the Oklahoma Water Resources Board (OWRB) to improve the Authority’s wastewater infrastructure.
The Authority operates a public wastewater treatment facility that serves the community. Recent severe weather caused critical equipment failures, including the loss of a floating mixer aerator due to a lightning strike and the breakdown of a major pump following record rainfall. To restore reliable operations, the Authority will replace damaged equipment with a new 30-horsepower pump, a 10-horsepower pump, and a floating aerator, along with supporting components. These improvements will ensure the facility continues to operate effectively, protecting public health and the environment. The estimated cost of the project is $39,770.34 which will be funded by the OWRB Emergency grant in the amount of $33,804.00 and $5,966.34 from local funds.
Lori Johnson, chief of the OWRB's Financial Assistance Division, calculated that the grant will save the Authority’s customers $80,800 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.

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