Press Release

Okmulgee Municipal Authority Receives $4,000,000 Wastewater System Loan from the OWRB

OKLAHOMA CITY – Okmulgee Municipal Authority (Authority) received approval for a $4,000,000 loan with $1,000,000 in principal forgiveness on Tuesday from the Oklahoma Water Resources Board (OWRB) to improve the Authority’s Wastewater infrastructure. Construction of upgrades and improvements to the wastewater system will be financed by the Oklahoma Clean Water State Revolving Fund (CWSRF).

The Authority will utilize the proceeds to construct a new 15.25-million-gallon flow equalization basin, plus associated piping, and all necessary appurtenances required to complete the project. The improvements will provide additional storage capacity to better manage peak wet-weather flows and assist the Authority in regaining compliance.

Lori Johnson, chief of the OWRB’s Financial Assistance Division, calculated that the Authority’s customers will save an estimated $1,265,300 when compared to traditional financing. The CWSRF loan will be secured with a lien on the revenues of the Authority’s  water, sewer, and sanitation systems and a 2 cents sales tax.