OWRB

AcronymDefinition
OWRBOklahoma Water Resource Board
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The authority plans to issue approximately $62 million of OWRB notes in order to fund system upgrades as part of SUA's Water 2040 capital plan.
Similarly, coverage of full obligations for the series 2014A bonds and OWRB notes will remain strong at approximately 2.1x in fiscal 2022.
1) and is the primary source of water for Ada, Sulphur, and other towns in the region (OWRB, 2003).
Proposed groundwater withdrawals (OWRB, 2003) could change timing and magnitude of spring flows, leading to degradation of the isolated spring habitats.
That achieves the state's goals of formalizing the OWRB's role in water rights administration, city officials said, while creating an orderly system of water administration and resolving the outstanding debt associated with Sardis Lake.
Its cash flow modeling demonstrates that OWRB's combined clean water state revolving fund (CWSRF) and drinking water state revolving fund (DWSRF) loan pool programs (the combined 'program') can continue to pay bond debt service even with loan defaults in excess of Fitch's 'AAA' liability rating stress hurdle, as produced using Fitch's portfolio stress calculator (PSC).
SOUND FINANCIAL STRUCTURE: Fitch's cash flow modeling demonstrates that OWRB's combined clean water state revolving fund (CWSRF) and drinking water state revolving fund (DWSRF) loan pool programs (the combined 'program') can continue to pay bond debt service even with loan defaults in excess of Fitch's 'AAA' liability rating stress hurdle, as produced using Fitch's portfolio stress calculator (PSC).
OWRB was established in 1957 as an agency and department of the state of Oklahoma, and serves as the state's financing vehicle for local government water and wastewater capital funding.
"No natural resource is as vital to the welfare of Oklahoma as clean, accessible water, of which more than 1.5 trillion gallons are used every day throughout the state," OWRB Executive Director Julie Cunningham said.