Oklahoma Water Resources Board the Water Agency

What is the OWRB Financial Assistance Program?

The OWRB's Financial Assistance Program (FAP) provides funding to Oklahoma communities for the improvement of water and wastewater infrastructure. As of October 1, 2015, the OWRB Financial Assistance Division has approved 2,063 loans and grants for a total of $3,335,616,465. These financing opportunities have saved Oklahoma communities an estimated $1,138,874,799 over conventional financing options.

Who Qualifies for Financing?

Eligible entities include political subdivisions of the state, such as:

  • Counties, towns, and municipalities
  • Rural water, sewer, and irrigation districts
  • Water conservation districts
  • Public works authorities
  • School districts

What Projects are Eligible?

  • Water supply reservoirs
  • Water storage tanks
  • Water treatment, distribution systems
  • Wastewater treatment/collections systems
  • Brownfield remediation
  • Urban stormwater activities
  • Many other projects may qualify - Ask Us!

Loan Programs

Clean Water State Revolving Fund (CWSRF) Loans

The CWSRF loan program is funded by EPA capitalization grants, state matching funds, and bonds. The CWSRF is administered by the OWRB. The interest rate is fixed at 60% of AAA market rate plus 70 basis points.
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Drinking Water State Revolving Fund (DWSRF) Loans

The DWSRF loan program is funded by EPA capitalization grants, state matching funds, loan repayments, investment earnings, and bonds. The DWSRF is administered cooperatively by the OWRB and the Oklahoma Department of Environmental Quality (ODEQ). The interest rate is fixed at 70% of AAA market rate plus 70 basis points.
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Financial Assistance Loans

The OWRB's long term, low interest revenue bond loan program offers a variable interest rate wth a fixed rate conversion option. The variable interest rate is at 1.51%; the fixed interest rate is the AAA market rate.
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Note: a 0.5% administrative fee is added to all CWSRF and DWSRF loans

Water & Wastewater Loans Interactive Map Viewer

Grant Programs

Emergency Grants

The Emergency Grant Program is point-based designed to assist communities facing crises which threaten life, health, or property.
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Rural Economic Action Plan (REAP) Grants

The REAP Grant Program is a point-based program designed to assist smaller communities that lack sufficient fiscal capacity. Cities, towns, and municipalities with a population less than 1,750 are given priority. Rural water and/or sewer districts with less than 525 non-pasture customers are also given priority.
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Water for 2060 Drought Grants

Projects to be considered for this grant funding must demonstrate water efficiency and support drought resiliency within the community or water/wastewater system. Water efficiency encompasses conservation and reuse efforts, as well as water loss reduction and prevention, to protect water resources for the future.
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Emergency Drought Grants

When Oklahoma is suffering from drought conditions and the governor subsequently declares a formal state drought emergency, the OWRB can offer limited grant assistance to alleviate related community impacts.
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Emergency Drought Commission & Relief Fund

Oklahoma's Emergency Drought Relief Fund, enabled through passage of Enrolled House Bill 1923 in 2012, provides funding for drought mitigation and related projects in Oklahoma in conjunction with a formal gubernatorial drought declaration.
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Water & Wastewater Grants Interactive Map Viewer

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Page last updated: November 16, 2015

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