Press Release

OKLAHOMA CITY – The Henryetta Municipal Authority (Authority) received approval for a $4,750,000 Financial Assistance Program (FAP) loan Tuesday from the Oklahoma Water Resources Board (OWRB) to improve their  water infrastructure.

The Authority owns and operates a public water supply system. The proposed project is to replace the existing water storage tank with a new, larger storage tank in order to meet the requirements and demands of the system in the future.

According to Joe Freeman, chief of the OWRB’s Financial Assistance Division, the Authority’s  customers will save an estimated $1,307,900 over the life of the 30-year loan compared to traditional financing. The loan shall be secured with a lien on the revenues of the Authority’s water, sewer and sanitation systems, and a 2 cent  sales tax. Local officials attending the OWRB’s monthly meeting in support of the loan application included David Bullard, City Manager. He stated, “Thank you for the opportunity to be here and for your help in rebuilding our aging infrastructure.”