Bond Programs
Lori Johnson, Chief, Financial Assistance Division
Oklahoma Water Resources Board
Oklahoma Water Resources Board
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OKLAHOMA CITY –The Sulphur Municipal Authority (Authority) received approval for $5,000,000 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 $5,000,000 in Chickasaw Nation tribal matching funds.
The Authorityowns and operates a public water supply system that provides drinking water and fire protection to the town of Sulphur. The Authority is in need of additional water capacity and will use the proceeds to construct three additional water wells, a raw water transmission main, booster pump station, and irrigation water mains.
Joe Freeman, chief of the OWRB’s Financial Assistance Division, calculated that the Authority’s customers will save an estimated $7,568,600.00 compared to traditional financing.