• Counties
• Towns and municipalities
• Public Works Authorities
• School districts
• Districts formed under Title 82 of the State's statutes as follows:
  • Rural water districts
  • Water conservancy districts
  • Rural sewage districts
  • Irrigation districts

Any project related to water and/or sewer system improvements or refinancing of existing debt obligations incurred by communities for projects such as:

• Water supply reservoirs
• Water rights acquisition
• Storage tanks
• Water storage rights acquisition
• Water supply and distribution lines
• Land acquisition for source water protection
• Water treatment systems
• Land acquisition for water wastewater systems
• Wastewater treatment, distribution, and storage
• Water collection and treatment
• Combined stormwater/sewer system overflow correction in the loan.

• Interest Rate: Low interest rate based on the OWRB's AAA credit rating
• Up to 30 year term
• 1.25x Debt Coverage Ratio
• Local Reserve Requirement is satisfied when one of the following is met:
  • Cash Reserve - up to 10% of the loan amount
  • 'Super Debt Coverage Ratio' of 1.40x instead of 1.25x
  • Minimum credit rating of A- affirmed in the last 18 months
  • Surety Policy in the amount of not less than the Cash Reserve Requirement