Bond Programs
Lori Johnson, Chief, Financial Assistance Division
Oklahoma Water Resources Board
Oklahoma Water Resources Board
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Nowata Municipal Authority receives $1,197,917 grant for system improvements
OKLAHOMA CITY –The Nowata Municipal Authority (Authority) received approval for $1,197,917 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 the Oklahoma American Rescue Plan Act (ARPA) grant program along with $1,150,000 in Cherokee Tribal matching funds, and $847,100 from Indian Health Services.
The Authority will use these funds for the construction of a main ground storage tank and replacement of the old system.
Joe Freeman, chief of the OWRB’s Financial Assistance Division, calculated that the Authority’s customers will save an estimated $1,867,900.00 compared to traditional financing.