Bond Programs
Lori Johnson,
Chief, Financial Assistance Division
OKLAHOMA CITY –The Latimer County Rural Water District No. 2 (District) received approval for $500,000 in funding Tuesday from the Oklahoma Water Resources Board (OWRB) to improve the District’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 $500,000 in Choctaw Nation tribal matching funds.
The District owns and operates a water distribution and storage system which needs to increase storage capacity and water pressure. These proceeds will be used to construct a new 60,000-gallon standpipe, replace and upgrade 8,390 linear feet of water line from 2-inch to 4-inch PVC pipe, and run a 6-inch waterline highway crossing.
Joe Freeman, chief of the OWRB’s Financial Assistance Division, calculated that the District’s customers will save an estimated $762,500 compared to traditional financing.