Drinking Water State Revolving Fund Loans

• Counties, towns and municipalities
• Public works authorities
• Districts formed under Title 82 of the State's statutes as follows:
  • Water conservancy districts
  • Rural water districts

• Drinking water treatment system
• New intake/raw water lines
• Major distribution/storage system rehabilitation
• New storage
• Engineering
• New transmission/distribution systems
• Wells
• Automatic meter readers

• Contact the ODEQ's DWSRF program to submit a Project Priority List (PPL) placement request letter and any necessary supporting documentation
• Complete the relevant application:
  • Loan Application
  • Loan Application (Full Loan Forgiveness)
  • Loan Application (Refinance of non-OWRB loans)
  • Loan Application (Refinance of OWRB loans only)
• Select bond counsel
  
• Submit the application to the OWRB's Financial Assistance Division at FAD@owrb.ok.gov

Please contact us at (405) 530-8800 for more information or review our Frequently Asked Questions.

Projects are ranked and listed on a funding Project Priority List maintained by the ODEQ. Contact the ODEQ's DWSRF program for more information.

• Below market interest rate approximately 70% of AAA market rate with 30% savings through federal subsidy
• 0.50% administration fee
• Up to 30-year term determined by the useful life of project components
• 1.25x debt coverage ratio requirement
• No cash reserve requirement
• Construction draw note with no interest charged on unused loan portion