Oklahoma Water Resources Board the Water Agency

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Calendar

Nov 10 Pump Station Operations: Common Issues and Low/No Cost Operation Adjustments (OMA)
Nov 5 Asset Management for Oklahoma Small Water Systems, Pt 1
Nov 10 Asset Management for Oklahoma Small Water Systems, Pt 2
Nov 19 FACT Meeting

Contact Us

Joe Freeman, Chief Lori Johnson, Assistant Chief FAD@owrb.ok.gov

Financial Assistance Division
OK Water Resources Board
3800 North Classen Blvd.
Oklahoma City, OK 73118
Phone 405-530-8800
Fax 405-530-8898

Resources

Financial Assistance Dashboard Financing Brochure Frequently Asked Questions Independent Registered Municipal Advisor Certificate OWRB Water System Infrastructure Mapping Program Compare Interest Rates EPA Finance Clearinghouse

Investors

Audits of the FAP, CWSRF, & DWSRF Loan Programs Continuing Disclosure Policy Municipal Securities Rulemaking Board

BondLink

Visit our Investor
Relations Site

Loan & Grant Reports

Annual Reports & Intended Use Plans DWSRF Project Priority List (ODEQ) Loans Approved and Funded REAP Grants Priority List

Related Pages

American Recovery & Reinvestment Act Funding Agency Coordinating Team (FACT)

ORWA Training Events

Board Training Renewal Training Operator Certification Lab Certification

Related Sites

Association of Clean Water Administrators DEQ Water Quality Programs EPA Clean Water Financing EPA Clean Water Needs Survey EPA Groundwater & Drinking Water EPA Office of Wastewater Management EPA Office of Water EPA in Oklahoma EPA Water Quality Standards Academy Stormwater Manager's Resource Center US Water News USDA Rural Utilities Service

The OWRB Financial Assistance Division assists communities in their efforts to protect and conserve Oklahoma's water resources for current and future generations through cost-effective financial products, technical assistance and high quality customer service.

As of November 9, 2020, the OWRB Financial Assistance Division had approved 2,3163 loans and grants for a total of $4,796,540,707. These financing opportunities have saved Oklahoma communities an estimated $1,591,785,096 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 approximately 60% of AAA market rate with 40% savings through federal subsidy. Learn more.

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 approximately 70% of AAA market rate with 30% savings through federal subsidy. Learn more.

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. This low interest rate is based on the OWRB's AAA credit rating. Learn more.

Note: a 0.5% administrative fee is added to all CWSRF and DWSRF loans


Grant Programs

Emergency Grants

The Emergency Grant Program is a point-based program designed to assist communities facing crises which threaten life, health, or property. Learn more.

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. Learn more.

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. Learn more.

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. Learn more.

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. Learn more.


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3800 North Classen Boulevard, Oklahoma City, OK 73118
405.530.8800

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Last updated: November 10, 2020

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