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Rural Water, Sewer, and Solid Waste Management District No. 3, Johnston County, Oklahoma Receives $2,018,000 Water System Funding from the OWRB

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December 17, 2024

Press Release

Rural Water, Sewer, and Solid Waste Management District No. 3, Johnston County, Oklahoma Receives $2,018,000 Water System Funding from the OWRB

OKLAHOMA CITY – The Rural Water, Sewer, and Solid Waste Management District No. 3, Johnston County, Oklahoma (District) received approval for $2,018,000 in funding Tuesday from the Oklahoma Water Resources Board (OWRB) including $950,000 in loan forgiveness to improve the District’s Water infrastructure. Construction of upgrades and improvements to the water system will be financed by the Oklahoma Drinking Water State Revolving Fund (DWSRF).

The District will use the proceeds to construct 13,319 linear feet of 10-inch PVC distribution waterline along State Highway 1 in Johnston County, Oklahoma. This project is designed to enhance water pressure within the system and ensure reliable delivery of safe, potable water to customers in the area.

Lori Johnson, chief of the OWRB’s Financial Assistance Division, calculated that the District’s customers will save an estimated $2,636,900 over the life of the 30-year loan compared to traditional financing. The DWSRF loan will be secured with a lien on the revenues of the District’s water revenues and may include a mortgage on their water system.