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Joe Freeman,
Chief, Financial Assistance Division
About
Learn about Oklahoma Water Resources Board, including Featured News, Projects, The Team, Our Funding Programs, and Our Mission Statement and Strategic Narrative.
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- Established in
- 1957
- Bond Ratings
- Aaa/AAA/AAA
- Bonds Outstanding (as of 8/1/23)
- $1,870,265,000
About Oklahoma Water Resources Board
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.
Featured News
September 19, 2023
Press Release
Woodward Municipal Authority receives $100,000 grant for system improvements
OKLAHOMA CITY –The Woodward Municipal Authority (Authority) received approval for $100,000 in funding Tuesday from the Oklahoma Water Resources Board (OWRB) to improve the Authority’s wastewater infrastructure and will be financed by the Oklahoma American Rescue Plan Act (ARPA) grant program along with $154,000 in local funds.
The Authority owns and operates a wastewater system that needs to increase capacity. These proceeds will be used to reimburse the Authority for sludge removal of their lagoons.
Joe Freeman, chief of the OWRB’s Financial Assistance Division, calculated that the Authority’s customers will save an estimated $176,300.00 compared to traditional financing.
September 19, 2023
Press Release
Weleetka Public Works Authority receives $1,000,000 grant for dam improvements
OKLAHOMA CITY –The Weleetka Public Works Authority (Authority) received approval for $1,000,000 in funding Tuesday from the Oklahoma Water Resources Board (OWRB) to improve the Authority’s infrastructure. Planning and design and construction of upgrades and improvements to the dam will be financed by the Oklahoma American Rescue Plan Act (ARPA) grant program.
Weleetka Lake is currently the sole source of raw water supply for the customers of the Authority. The concrete spillway and concrete outlet channel or flume of the lake's dam is in need of repair. The proposed project will be phased. Phase I is for the planning and design of the concrete spillway structure repair. Phase II will be the reconstruction of the concrete spillway chute, construction of a temporary coffer dam, and a construction access road to the base of the dam.
Joe Freeman, chief of the OWRB’s Financial Assistance Division, calculated that the Authority’s customers will save an estimated $1,588,000.00 compared to traditional financing.
September 19, 2023
Press Release
Town of Boley receives $1,153,846 grant for system improvements
OKLAHOMA CITY –The Town of Boley (Town) received approval for $1,153,846 in funding Tuesday from the Oklahoma Water Resources Board (OWRB) to improve the Town’s water and wastewater infrastructure. The master plan design and improvements to the water and wastewater systems will be financed by the Oklahoma American Rescue Plan Act (ARPA) grant program.
The Town’swater and wastewater systems are aging and beginning to experience failures at the lift stations, manholes, water wells, and the wastewater lagoon. The proposed project is to create a water and wastewater master plan to determine the most impactful projects that can be completed with the available ARPA funding.
Joe Freeman, chief of the OWRB’s Financial Assistance Division, calculated that the Town’s customers will save an estimated $1,847,146.00 compared to traditional financing.
Projects
The Team
Julie Cunningham
Agency's Executive Director
Our Funding Programs
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.