Drinking Water State Revolving Fund Loans

The Drinking Water State Revolving Fund (DWSRF) is a low-interest loan program to assist communities with public water supply infrastructure construction projects such as drinking water treatment, transmission or storage projects eligible under the Safe Drinking Water Act, or the refinance of existing debt for these purposes. The DWSRF is co-administered by the OWRB and the Oklahoma Department of Environmental Quality (ODEQ). The DWSRF is funded by EPA capitalization grants, state matching funds, loan repayments, investment earnings, and bonds.

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:
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