Oklahoma SB265 establishes a Water Infrastructure Loan Program and Revolving Fund to finance water infrastructure projects.
Oklahoma SB265 creates the Oklahoma Water Infrastructure Loan Program and Revolving Fund to support water infrastructure projects. The fund will receive proceeds from the sale of state-owned water, leasing fees, grants, and investment returns. Eligible projects include construction, repair, and rehabilitation of water treatment plants, pipelines, and storage facilities, as well as water quality and conservation initiatives. The Oklahoma Water Resources Board will manage the fund, set project eligibility, and submit annual reports to state leaders.
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