| Program | Description & Eligibility |
Terms & Interest Rates |
Application Requirements |
Timing Requirement |
|---|---|---|---|---|
| A point-based program to assist communities facing life, health, or property water or sewer crisis |
$100,000 max.; 15% match funds from community; funds from other grant programs cannot be used as matching funds |
Must receive at least 60 points to be placed on priority list |
None |
|
| A point-based program to assist smaller communities with water and sewer projects who lack sufficient fiscal capacity. |
Less than 7,000 population; preference given to towns < 1,750 or rural districts with < 525 non-pasture taps |
$150,000 max. Must receive at least 40 points to be placed on priority list |
Application deadline: first business day of September |
|
| Two low-interest loan programs to assist communities with: municipal wastewater or public water supply infrastructure construction projects, stormwater and green infrastructure projects and water efficiency and other pollution control projects. |
CWSRF: Approximately 60% of AAA market rate with 40% savings through interest subsidy. 0.5% Admin fee, Up to 30-year term, 1.25x Debt Coverage Ratio Requirement, No Cash Reserve Requirement, No interest charged on unused loan portion.
|
Engineering & environmental report. See FACT Guidelines at www.owrb.ok.gov/FACT |
Project must be ranked and listed on the project priority list; Projects ready to proceed will receive higher priority. |
|
| A long-term; low-interest public water & sewer loan program. |
Low interest rate based on OWRB's AAA credit rating. Up to a 30-year term. |
Local Reserve Requirement is satisfied when one of the following is met:
|
None |