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.
OKLAHOMA CITY –The Broken Bow Public Works Authority (Authority) received approval for $2,000,000 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 $2,000,000 in Choctaw Tribal matching funds.
The Authority owns and operates a water distribution system for the city of Broken Bow and surrounding areas. The existing 24-inch water main providing treated water to the distribution system has not been able to maintain during peak demand times. These funds will be used to install an additional 24-inch water main parallel to the existing one.
Joe Freeman, chief of the OWRB’s Financial Assistance Division, calculated that the Authority’s customers will save an estimated $3,097,400 compared to traditional financing.
