Bond Programs
Lori Johnson, Chief, Financial Assistance Division
Oklahoma Water Resources Board
Oklahoma Water Resources Board
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OKLAHOMA CITY –The Woodward Municipal Authority (Authority) received approval for $100,000 in funding Tuesday from the Oklahoma Water Resources Board (OWRB) to improve the Authority’s wastewater infrastructure and will be financed by the Oklahoma American Rescue Plan Act (ARPA) grant program along with $154,000 in local funds.
The Authority owns and operates a wastewater system that needs to increase capacity. These proceeds will be used to reimburse the Authority for sludge removal of their lagoons.
Joe Freeman, chief of the OWRB’s Financial Assistance Division, calculated that the Authority’s customers will save an estimated $176,300.00 compared to traditional financing.