Joe Freeman,
Chief, Financial Assistance Division
Press release detail -
The McCurtain County Rural Water District No. 8 (District) received approval for $850,000 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 Drinking Water State Revolving Fund (DWSRF) where $100,000 of the loan will be in the form of loan forgiveness.
A District representative stated, ““On behalf of the Board of Directors and the members of Rural Water District No. 8, McCurtain County, OK, we would like to thank you in advance and express our appreciation to the Oklahoma Water Resources Board for their efforts as it relates to the financing of the current water line relocation project. The District is growing rapidly and the financing provided by the OWRB has been an invaluable tool as we have attempted to stay ahead of our ever increasing demand. Both the OWRB and DEQ staff have gone out of their way to make this process as easy as possible. Many thanks to everyone involved.”
Joe Freeman, chief of the OWRB’s Financial Assistance Division, calculated that the District’s customers will save an estimated $216,100 over the life of the 20 year loan compared to traditional financing.
