Bond Programs
Lori Johnson, Chief, Financial Assistance Division
Oklahoma Water Resources Board
Oklahoma Water Resources Board
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OKLAHOMA CITY –The Pushmataha County Rural Water District No. 1 (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 matching funds.
The District owns and operates a water system in Pushmataha County which must accomodate the growth in the area and address a water loss concern. These proceeds will be used to install a booster station and replace 5,000 linear feet of water line.
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.