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Officials outline how Oklahoma Water Resources Board loans and forgiveness fund local water projects
Summary
Commissioners and staff described the Oklahoma Water Resources Board program that issues low‑rate bonds and provides partial loan forgiveness; speakers credited the program for enabling recent Enid water‑line and sewer projects and said the board’s rates can be substantially below private market borrowing.
City officials described how the Oklahoma Water Resources Board (OWRB) helps municipalities finance water and sewer projects through state bond programs that offer lower interest rates and occasional principal forgiveness.
Presenters said OWRB issues bonds and makes loans to municipalities at competitive rates that reduce borrowing costs for infrastructure such as water towers, water lines and sewer improvements. City staff and elected officials cited recent Enid projects — including multi‑phase water…
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