Bond Programs
Lori Johnson,
Chief, Financial Assistance Division
Arkoma Municipal Authority receives $500,000 wastewater system loan from OWRB
The Arkoma Municipal Authority (Authority) received approval for a $500,000 loan Tuesday from the Oklahoma Water Resources Board (OWRB) to improve the Authority’s wastewater infrastructure. Construction of upgrades and improvements to the wastewater system will be financed by the Oklahoma Clean Water State Revolving Fund (CWSRF).
The Authority does not have a wastewater treatment facility but has an agreement with the City of Fort Smith, Arkansas to discharge into their wastewater collection system. The proceeds of this request will be used to repair or replace 115 manholes throughout the collection system to reduce inflow and infiltration (I&I). These improvements will help to prevent unwanted contaminants from entering the system, reduce unintended flows to the wastewater treatment facility, and reduce Authority's expense as they are charged for treating all discharge sent to Fort Smith.
Joe Freeman, chief of the OWRB’s Financial Assistance Division, calculated that the Authority’s customers will save an estimated $127,800 over the life of the 30-year loan compared to traditional financing. The CWSRF loan will be secured with a lien on the revenues of the Authority’s water and sewer systems and a mortgage. A representative of the Arkoma Municipal Authority stated, “We would like to thank the OWRB in advance for considering our loan. Arkoma has been the beneficiary of OWRB loans for many years and is very appreciative. Special thanks to the OWRB staff.”
The CWSRF program is administered by the Oklahoma Water Resources Board with partial funding from the U.S. Environmental Protection Agency (EPA). The CWSRF program has provided approximately $2.0 billion in water quality loans to provide communities the resources necessary to maintain and improve the infrastructure that protects our valuable water resources statewide.
Since 1983, the Oklahoma Water Resources Board has approved over $5.3 billion in loans and grants for water and wastewater infrastructure improvements throughout Oklahoma.
“We are grateful to State Senator Mark Allen and Representative Rick West for their support of our financial assistance programs,” said Julie Cunningham, Executive Director of the OWRB.
Arkoma Municipal Authority receives $500,000 wastewater system loan from OWRB
OKLAHOMA CITY – The Arkoma Municipal Authority (Authority) received approval for a $500,000 loan Tuesday from the Oklahoma Water Resources Board (OWRB) to improve the Authority’s wastewater infrastructure. Construction of upgrades and improvements to the wastewater system will be financed by the Oklahoma Clean Water State Revolving Fund (CWSRF).
The Authority does not have a wastewater treatment facility but has an agreement with the City of Fort Smith, Arkansas to discharge into their wastewater collection system. The proceeds of this request will be used to repair or replace 115 manholes throughout the collection system to reduce inflow and infiltration (I&I). These improvements will help to prevent unwanted contaminants from entering the system, reduce unintended flows to the wastewater treatment facility, and reduce Authority's expense as they are charged for treating all discharge sent to Fort Smith.
Joe Freeman, chief of the OWRB’s Financial Assistance Division, calculated that the Authority’s customers will save an estimated $127,800 over the life of the 30-year loan compared to traditional financing. The CWSRF loan will be secured with a lien on the revenues of the Authority’s water and sewer systems and a mortgage. A representative of the Arkoma Municipal Authority stated, “We would like to thank the OWRB in advance for considering our loan. Arkoma has been the beneficiary of OWRB loans for many years and is very appreciative. Special thanks to the OWRB staff.”
The CWSRF program is administered by the Oklahoma Water Resources Board with partial funding from the U.S. Environmental Protection Agency (EPA). The CWSRF program has provided approximately $2.0 billion in water quality loans to provide communities the resources necessary to maintain and improve the infrastructure that protects our valuable water resources statewide.
Since 1983, the Oklahoma Water Resources Board has approved over $5.3 billion in loans and grants for water and wastewater infrastructure improvements throughout Oklahoma.
“We are grateful to State Senator Mark Allen and Representative Rick West for their support of our financial assistance programs,” said Julie Cunningham, Executive Director of the OWRB.
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