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.
The Collinsville Municipal Authority receives $2,526,042 grant for system improvements
OKLAHOMA CITY –The Collinsville Municipal Authority (Authority) received approval for $2,526,042 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 $2,425,000 in Cherokee Tribal matching funds.
The Authority owns and operates a water distribution system which serves the city of Collinsville. Currently customers experience low water pressure, quality issues, and water outages due to dead end lines. These proceeds will be used to install approximately 14,600 linear feet of 12-inch waterline to loop the water system together.
Joe Freeman, chief of the OWRB’s Financial Assistance Division, calculated that the Authority’s customers will save an estimated $3,915,900 compared to traditional financing.