Bond Programs
Lori Johnson, Chief, Financial Assistance Division
Oklahoma Water Resources Board
Oklahoma Water Resources Board
Add this issuer to your watchlist to get alerts about important updates.
OKLAHOMA CITY – The Seminole Municipal Authority (Authority) received approval for a $439,076 loan Tuesday from the Oklahoma Water Resources Board (OWRB) to improve the Authority’s wastewater infrastructure. The planning and design to the wastewater system will be financed by a 100% principal forgiveness loan through the Oklahoma Clean Water State Revolving Fund (CWSRF).
The Authority is seeking to identify areas within the sanitary sewer collection system which are in need of improvement. These proceeds will be used to conduct a sanitary sewer evaluation survey (SSES) in order to locate areas experiencing inflow and infiltration. Improvements to the collection system would reduce or eliminate bypasses and reduce unintended flows to the wastewater treatment facility.
Joe Freeman, chief of the OWRB’s Financial Assistance Division, calculated that the Authority’s customers will save an estimated $537,176.00 compared to traditional financing.