By Cole Perryman
The City of Piedmont is going to save $931,640 on a water system loan after the Oklahoma Water Resources Board issues refunding from a bond issue.
This recent decision by the Oklahoma Water Resources Board (OWRB) will benefit Piedmont’s citizens with $931,640 in savings on a loan from the OWRB to the Piedmont Municipal Authority.
At a recent OWRB monthly board meeting, the OWRB’s Financial Assistance Division was authorized to conduct a bond issue refunding for the agency’s Series 2004 SRF Bonds.
The OWRB’s Series 2004 SRF Bonds were issued in 2004 to raise funds for low-interest water and wastewater loans under the agency’s Clean Water and Drinking Water Programs.
The loans are used for infrastructure improvements to both municipal and rural water and wastewater systems throughout Oklahoma. Read more →