Bond Programs
Lori Johnson,
Chief, Financial Assistance Division
Mangum Utilities Authority receives $999,999 funding from OWRB
OKLAHOMA CITY – The Mangum Utilities Authority (Authority) received approval for $999,999 in funding Thursday from the Oklahoma Water Resources Board (OWRB) to improve the Authority’s water metering infrastructure. Upgrades to the 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 acquire new Automatic Meter Reading (AMR) water meters and Advanced Metering Infrastructure (AMI). This project helps to meet Oklahoma’s Water for 2060 goals by focusing on water conservation and efficiency and reducing unintended flows to the wastewater treatment plant.
Joe Freeman, chief of the OWRB’s Financial Assistance Division, calculated that the Authority’s customers will save an estimated $1,708,699 compared to traditional financing.
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