Minco Municipal Authority Receives $800,000 Water System Funding from the OWRB
View allMinco Municipal Authority Receives $800,000 Water System Funding from the OWRB
OKLAHOMA CITY – Minco Municipal Authority (Authority) received approval for an $800,000 loan with 100% principal forgiveness on Tuesday from the Oklahoma Water Resources Board (OWRB) to improve the Authority’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 Authority operates a municipal water system and will use the proceeds to replace aging water lines throughout the distribution network. These improvements are essential to maintaining adequate water pressure, reducing the risk of line breaks, and ensuring reliable service for the community.
Lori Johnson, chief of the OWRB’s Financial Assistance Division, calculated that the Authority’s customers will save an estimated $1,252,700 when compared to traditional financing.