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OWRB Loan & Grant Programs

FAP Loans
CWSRF Loans
DWSRF Loans
REAP Grants
Emergency Grants
Drought Grants
TOTAL: 1,991 loans and grants approved for $3,121,907,230
Estimated Savings:
$1,067,318,492

Financing Program Summary Data


Loan Interest Rates

CWSRF Loans
fixed: 60% of AAA market rate plus 70 basis points
DWSRF Loans
fixed: 70% of AAA market rate plus 70 basis points
Revenue Bond Loans
variable: 2.615%
fixed: AAA market rate
(a 0.5% admin fee is added to all CWSRF and DWSRF loans)

Water and Wastewater Financing

Providing grants and low-interest loans for water and wastewater infrastructure improvements.

Facilitating more than $3 billion in financial assistance to cities, towns, and rural water districts while saving communities and water systems more than $1 billion over conventional financing options.

2014 Financial Assistance Division
 

Notice!

 See also: Press Releases on Specific Projects

News


State-of-the-Art Water Treatment Plant Opens in Broken Arrow
The City of Broken Arrow celebrated the opening of the Verdigris Water Treatment Plant with a ribbon cutting ceremony on June 5. The new plant replaces the city’s existing facility, which was built in 1966.

The plant utilizes a state-of-the-art membrane filtration system that forces water through extremely fine, porous tubes and is capable of filtering out tiny particles and microorganisms, including giardia cysts and cryptosporidium oocysts, to meet new EPA requirements. It is is the largest membrane water treatment facility in Oklahoma and one of the largest in the United States.

The footprint of the new pre-treatment basin has been reduced, which allows for lower land and material costs. The new plant also features a raw water pump station, two pre-sedimentation basins, a six-million-gallon finished water tank, a high service pump station, and three emergency generators that can support the entire plant in the event of a power failure. Up to 20 million gallons of water per day (MGD) can be produced by the new plant, and this is readily expandable to 40 MGD if necessary. Broken Arrow currently averages 12 MGD, with a peak flow of 27 MGD during the summer months.

For more than thirty years the City of Broken Arrow has purchased water from the Oklahoma Ordnance Works Authority in Pryor. With the completion of the Verdigris Water Treatment Plant this July, Broken Arrow will be able to support its customer’s water needs independently, and will even be positioned to sell water to other nearby providers.

Financing for this state-of-the-art plant was made possible by Oklahoma’s Revenue Bond Loan Program and the Drinking Water State Revolving Fund (DWSRF) loan program, which provided $29,755,000 and $35,000,000, respectively.

When compared to traditional financing, OWRB’s Financial Assistance Division expects that Broken Arrow Municipal Authority’s customers will save an estimated $1,618,073 in interest charges over the life of the 20-year DWSRF and 30-year Revenue Bond Program loans.

For more information, please see the Verdigris River Water Treatment Plant brochure.


May 13, 2014
Funding Availability for Municipalities
EPA's Office of Wastewater Management is making available $335,000 in technical assistance for communities seeking technical support to develop an integrated planning approach to meeting Clean Water Act requirements for municipal wastewater and stormwater management. The primary purpose of the technical assistance is to help EPA develop practical examples of how to implement the different steps in developing an integrated plan in order to provide useful information to communities across the nation who are interested in integrated planning. Interested communities are encouraged to respond to our request for letters of interest. Letters of interest must be received by June 27, 2014, 5:00 p.m. EST. EPA anticipates providing assistance to five communities. If additional funding becomes available, EPA may return to the applicant pool identified through this request to select additional recipient communities. Learn more here.


OWRB Financial Programs Receive Triple-A Rating


Moore's WWTP Successfully Doubles Capacity Without Going Offline Despite Tornado Woes
The City of Moore, Oklahoma, needed to double the capacity of its wastewater plant, meet its new ammonia limits, and deal with frequent odor issues. Landlocked between both residential and industrial properties, the facility was presented with the additional challenge of having to construct on top of itself. With assistance from the Oklahoma Water Resources Board’s CWSRF program, old portions of the plant were dismantled while new ones were erected, all while keeping the existing yard piping operational. With complete enclosures at the headworks, SBRs, and aerobic digesters, each equipped with their own scrubbers, the odor issues have been eliminated. The new UV light disinfection system and other facilities increased capacity to 9 MGD. Efficiencies are such that the disinfection counts of the discharge are in the single digits! With current technologies, as demands warrant, this existing site may one day increase capacities of up to 24 MGD. Unfortunately, progress was disrupted when the May 20, 2013, tornado struck the heart of Moore. Although the wastewater treatment plant was not damaged, more than 1,200 customers lost their homes or businesses. Since then, both the City and Moore Public Works Authority have done a remarkable job maneuvering both the technical and financial hurdles this storm presented. Despite the many challenges facing the City of Moore, the future of this vibrant community continues to be bright!


Passage of State Question 764 in November 2012 allows the OWRB’s Financial Assistance Program to meet much of the state’s projected $82 billion water and wastewater financing need. The new Water Infrastructure Credit Enhancement Reserve Fund, created through a constitutional amendment approved by voters, essentially establishes a $300 million pledge of credit that enables the OWRB to leverage funds in the bond market as water and sewer projects become ready for construction.


From the original $25 million seed money and additional funds, the Oklahoma Water Resources Board’s five loan and grant programs are now directly responsible for over $3 billion in water and wastewater project financing, including construction and improvement of water supplies, storage facilities, pump stations, pipelines, and treatment works, refinancing outstanding loans, and Oklahoma’s federal stimulus projects.

$3 Billion in Funding

Loan Reports

Grant Reports

Federal Stimulus Funding


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Page last updated: July 02, 2014

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