Bond Programs
Lori Johnson,
Chief, Financial Assistance Division
OKLAHOMA CITY –The McClain County Rural Water District No. 8 (District) received approval for $1,000,000 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 $860,375 in McClain County ARPA funds.
The District operates a water treatment plant and the towns of Byars, Maysville, and Wayne are interested in purchasing water from the District. These proceeds will be used to drill a new water well with a 12-inch transmission line to the water plant, two new water filters and housing.
Joe Freeman, chief of the OWRB’s Financial Assistance Division, calculated that the District’s customers will save an estimated $1,553,200 compared to traditional financing.