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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

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
Last Modified on Nov 02, 2023