Oklahoma CWSRF IUP
The Oklahoma CWSRF 2020 Intended Use Plan (IUP) brought to you by the Financial Assistance Division (FAD) and Oklahoma Water Resources Board (OWRB). The FAD assists communities in their efforts to protect and conserve Oklahoma’s water resources for current and future generations through cost effective financial products, technical assistance, and high quality customer service. To date, they have funded over $4.2 billion in projects with their loan and grant programs which in turn led to savings of over $1.4 billion for Oklahoma communities and rural districts. Oklahoma project forgiveness structure is a phased format to assist eligible recipients in communities with a population of 3,300 or less. Phase I funding is for planning and design that results in a Permit to Construct on an eligible project. Phase II requires evidence to confirm a Permit to Construct has been submitted on an eligible project and may be eligible for up to $200,000 or 50% of eligible costs, whichever is lower. To date, for SFY 2020 the OWRB has received requests for 19 projects totaling $96,729,307 (Table 2). Funding requests for the 5-year period (through year 2024) total $232,775,984. See the Project Priority List (PPL) for project details. There are 7 steps to the CWSRF program; programmatic application process (see the project priority list on page 14), financial application process, engineering review, environmental review, OWRB approval and closing, construction and monitoring, and loan monitoring. GPR, additional subsidies, and additional fund goals follow.
A WaterNow Alliance Initiative
Whether you have a project that needs support or are just dipping your toe in, our team of experts is here to help.