Bond Programs
Lori Johnson,
Chief, Financial Assistance Division
OKLAHOMA CITY – The Carnegie Public Works Authority (Authority) in Caddo County received approval for a $8,005 Emergency Grant Tuesday through the Oklahoma Water Resources Board (OWRB) to improve the Authority’s water infrastructure.
Due to the splitting of an eight-inch pipe because of hot, dry weather, the Authority was in an emergency situation causing a total loss of water supply to the town. The grant proceeds will be used to replace the damaged water main and also for the street damage repairs. The estimated cost of the project is $9,417 which will be funded by the emergency grant of $8,005 and local funds of $1,412 which represents the required 15% match.
Joe Freeman, chief of the OWRB's Financial Assistance Division, calculated that the grant will save the Authority’s customers $29,900 in principal and interest charges by not having to borrow the project funds. Since 1983 the Water Resources Board has approved over $7.1 billion in loans and grants for water and wastewater infrastructure improvements throughout Oklahoma.
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