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Financial Assistance Program Loans

Financial Assistance Program loans are long-term, low-interest revenue bond loans that assist communities with projects related to water and wastewater projects and needs such as engineering or technical planning and design, construction, land purchases for water or wastewater systems or source water protection, dredging water supply reservoirs, water rights acquisitions, or for the refinance of existing debt for these purposes.

  • Counties, towns and municipalities
  • Public works authorities
  • School districts
  • Districts formed under Title 82 of the State's statutes as follows:
    • Water conservancy districts
    • Rural water 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/wastewater facility expansion, replacement, improvement, and/or repair
  • Water supply reservoirs
  • Water rights acquisition
  • Storage tanks
  • Water storage rights acquisition
  • Water supply and distribution lines
  • Land acquisition for source water protection and water/wastewater systems
  • Wastewater treatment, distribution, and storage
  • Water collection and treatment
  • Combined stormwater/sewer system overflow correction
  • Environmentally innovative projects
  • Habitat protection and restoration practices
  • Floodplain restoration and stream bank stabilization
  • Storm, sewer, and drainage improvements
  • Planning/assessment and monitoring practices
  • Dam rehabilitation

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

  • Low interest rate based on the OWRB's AAA credit rating
  • 0.20% administration fee
  • Up to 30 year term
  • 1.25x debt coverage ratio requirement
  • 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
    • Minimum credit rating of A- affirmed in the last 18 months
    • Surety policy in the amount of not less than the cash reserve requirement
Last Modified on Nov 02, 2023