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Issuer Type: Water/Sewer
State Revolving Funds (SRF)
State Loan Program Revenue Bonds (FAP)
On behalf of the Oklahoma Water Resources Board, I would like to welcome you to our new investor relations website. We appreciate your interest and investment in bonds issued by the Board as it allows us to make critical investments in public infrastructure throughout Oklahoma. We are committed to maintaining our strong bond ratings, and we are also committed to being as transparent as possible with the investor community and public at large.
I hope you find this website useful as you seek to better understand the credit fundamentals of the Oklahoma Water Resources Board. Please do not hesitate to contact our office with suggestions for how we can be doing better. Thanks again for your interest in our bond program.
Joe Freeman, Chief, Financial Assistance Division
A District representative stated, “Our microfiltration system was seriously compromised by the cold water we were attempting to filter out of the lake. Despite the efforts of our crew and multiple entities we were unable to maintain necessary processing power. This grant is an amazing opportunity to relieve that financial burden as we are moving forward to correct other issues caused by the storm. Thank you for your time and consideration.”
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.