Bond Programs
Lori Johnson, Chief, Financial Assistance Division
Oklahoma Water Resources Board
Oklahoma Water Resources Board
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OKLAHOMA CITY –The Glenpool Utility Services Authority (Authority) received approval for $44,000,000 in funding 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 American Rescue Plan Act (ARPA) grant program along with $3,352,600 in local matching funds.
The Authority has a growing population and will utilize these proceeds to address system improvements. Projects will include the construction of a new sequencing batch reactor wastewater treatment plant to replace an existing aerated lagoon wastewater treatment plant.
Joe Freeman, chief of the OWRB’s Financial Assistance Division, calculated that the Authority’s customers will save an estimated $67,354,300compared to traditional financing.