Bond Programs
Lori Johnson, Chief, Financial Assistance Division
Oklahoma Water Resources Board
Oklahoma Water Resources Board
Learn about Oklahoma Water Resources Board including our News & Press Releases, Projects, and Team.
Have questions? Reach out to us directly.
Learn about Oklahoma Water Resources Board including our News & Press Releases, Projects, and Team.
The OWRB's mission is to protect and enhance the quality of life for Oklahomans by managing and improving the state’s water resources to ensure clean and reliable water supplies, a strong economy, and a safe and healthy environment.
Our primary duties and responsibilities include water use appropriation and permitting, water quality monitoring and standards, financial assistance for water/wastewater systems, dam safety, floodplain management, water supply planning, technical studies and research, and water resource mapping.
OKLAHOMA CITY – The Westport Utility Authority (Authority) in Pawnee County received approval for a $99,999 Rural Economic Action Plan (REAP) grant on Tuesday through the Oklahoma Water Resources Board (OWRB) to improve the Authority’s water infrastructure.
The Authority operates the town’s public water system and is taking steps to address frequent leaks, low water pressure, and service outages caused by aging, thin-walled pipes. The project will replace deteriorated main lines in the Skyview Neighborhood and upgrade lines and valves serving the community’s three water storage tanks. These improvements will enhance system reliability and service quality for local residents. The estimated cost of the project is $99,999.00 which will be funded by the OWRB REAP grant in the amount of $99,999.00.
Lori Johnson, chief of the OWRB's Financial Assistance Division, calculated that the grant will save the Authority’s customers $181,600 in principal and interest charges by not having to borrow the project funds.
OKLAHOMA CITY – The Town of Waynoka (Town) in Woods County received approval for a $99,999 Rural Economic Action Plan (REAP) grant on Tuesday through the Oklahoma Water Resources Board (OWRB) to improve the Town’s water infrastructure.
The Town operates a public water system and is facing significant water loss, which poses potential public health risks. The town’s aging infrastructure lacks water valves, making it necessary to shut down the entire water tower for repairs, leaving residents without access to water. The proposed project will strategically install water valves throughout the distribution system, allowing for localized repairs and reducing water loss. This essential upgrade will help maintain reliable water service for the community. The estimated cost of the project is $99,999.00 which will be funded by the OWRB REAP grant in the amount of $99,999.00.
Lori Johnson, chief of the OWRB's Financial Assistance Division, calculated that the grant will save the Authority’s customers $181,600 in principal and interest charges by not having to borrow the project funds.
OKLAHOMA CITY – Town of Stratford (Town) in Garvin County received approval for a $99,999 Rural Economic Action Plan (REAP) grant on Tuesday through the Oklahoma Water Resources Board (OWRB) to improve the Town’s wastewater infrastructure.
The Town of Stratford operates a wastewater treatment system and is addressing critical repairs to its aging lift station, which is essential for moving wastewater through the system. The project will involve installing a new headworks, a new comminutor, repairing the wet well, and replacing pumps and piping. These upgrades will help prevent premature wear and ensure the system operates efficiently. The estimated cost of the project is $99,999.00 which will be funded by the OWRB REAP Grant of $99,999.00.
Lori Johnson, chief of the OWRB's Financial Assistance Division, calculated that the grant will save the Authority’s customers $181,600 in principal and interest charges by not having to borrow the project funds.
The Oklahoma Water Resources Board's (OWRB) Financial Assistance Division assists communities in their efforts to protect and conserve Oklahoma's water resources for current and future generations through cost-effective financial products, technical assistance, and high quality customer service. To find more information, please visit here.
Loan Programs:
The CWSRF loan program is funded by EPA capitalization grants, state matching funds, and bonds. The CWSRF is administered by the OWRB. The interest rate is approximately 60% of AAA market rate with 40% savings through federal subsidy.
The DWSRF loan program is funded by EPA capitalization grants, state matching funds, loan repayments, investment earnings, and bonds. The DWSRF is co-administered by the OWRB and the Oklahoma Department of Environmental Quality (ODEQ). The interest rate is approximately 70% of AAA market rate with 30% savings through federal subsidy.
The OWRB's state loan revenue bond program offers long term, variable interest rate funding with a fixed rate conversion option. This low interest rate is based on the OWRB's AAA credit rating.
Grant Programs:
The Emergency Grant Program is a point-based program designed to assist communities facing crises which threaten life, health, or property.
The REAP Grant Program is a point-based program designed to assist smaller communities that lack sufficient fiscal capacity. Cities, towns, and municipalities with a population less than 1,750 are given priority. Rural water and/or sewer districts with less than 525 non-pasture customers are also given priority.
Have questions? Reach out to us directly.