Breckinridge Public Works Authority receives $69,500 wastewater system loan from OWRB

OKLAHOMA CITY – The Breckinridge Public Works Authority (Authority) received approval for a $69,500 loan Tuesday from the Oklahoma Water Resources Board (OWRB) to improve the Authority’s wastewater infrastructure.  The planning and design to the wastewater system will be financed by a 100% principal forgiveness loan through the Oklahoma Clean Water State Revolving Fund (CWSRF).

The Authority has two lagoon cells in need of rehabilitation. These proceeds will be used for engineering fees for the planning and design of the rehabilitation of the lagoon dikes. These improvements are necessary to protect the dike slopes from deterioration due to wave action to avoid a breach.

Joe Freeman, chief of the OWRB’s Financial Assistance Division, calculated that the Authority’s customers will save an estimated $139,600 compared to traditional financing.  

The CWSRF program is administered by the Oklahoma Water Resources Board with partial funding from the U.S. Environmental Protection Agency (EPA).  The CWSRF program has provided approximately $2.4 billion in water quality loans to provide communities the resources necessary to maintain and improve the infrastructure that protects our valuable water resources statewide.

Since 1983, the Oklahoma Water Resources Board has approved over $6.5 billion in loans and grants for water and wastewater infrastructure improvements throughout Oklahoma.

“We are grateful to State Senator Roland Peterson and Representative John Pfeiffer for their support of our financial assistance programs,” said Julie Cunningham, Executive Director of the OWRB.

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Contact:
Joe Freeman
Oklahoma Water Resources Board
(405) 530-8800
Joe.Freeman@owrb.ok.gov