Bond Programs
Lori Johnson, Chief, Financial Assistance Division
Oklahoma Water Resources Board
Oklahoma Water Resources Board
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Waynoka Utilities Authority receives $999,999 water system funding from OWRB
OKLAHOMA CITY – The Waynoka Utilities Authority (Authority) received approval for $999,999 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 a 100% principal forgiveness loan through the Oklahoma Drinking Water State Revolving Fund (DWSRF).
The Authority will utilize the proceeds to replace 4,935 linear feet of 6-inch cast iron water pipe and lead joints with 6-inch polyvinyl chloride (“PVC”) pipe within the distributioin system. This project will reduce water loss and improve pressure to residents and businesses in and near the Authority.
Joe Freeman, chief of the OWRB’s Financial Assistance Division, calculated that the Authority’s customers will save an estimated $1,552,099 compared to traditional financing.