Bond Programs
Lori Johnson, Chief, Financial Assistance Division
Oklahoma Water Resources Board
Oklahoma Water Resources Board
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The Holdenville Public Works Authority received approval for $100,000 in funding Tuesday from the Oklahoma Water Resources Board (OWRB) to improve the Authority’s water infrastructure. Construction of upgrades and improvements to the water system will be financed by the Oklahoma Drinking Water State Revolving Fund (DWSRF) where the full amount will be in the form of loan forgiveness.
The Authority will utilize the proceeds to replace the existing gaseous chlorine system with a liquid feed chlorine system. Disinfecting drinking water has reduced waterborne disease drastically. However, byproducts which may result by the disinfection can sometimes have unintended effects. Therefore, by addressing this issue, this project helps to meet the public health goals for the state.
Joe Freeman, chief of the OWRB’s Financial Assistance Division, calculated that the Authority’s customers will save an estimated $141,100 compared to traditional financing.