DALLAS — The Oklahoma Resources Water Board will finance its clean water loan program for the next three years with next week's negotiated sale of $85.3 million of revolving fund revenue bonds.

The state board will use the proceeds from the 30-year bonds to provide $46.8 million of low-interest loans to cities, rural water districts, and counties over the three-year spend down period. Proceeds will also reimburse the clean water revolving fund for $36.5 million of loans already made and provide $2 million of state matching funds for federal loans under the Clean Water and Safe Drinking Water Acts.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.