{"id":557,"date":"2011-09-06T12:43:44","date_gmt":"2011-09-06T17:43:44","guid":{"rendered":"http:\/\/stateimpact.npr.org\/oklahoma\/?p=557"},"modified":"2012-12-20T10:21:14","modified_gmt":"2012-12-20T16:21:14","slug":"10-ways-the-state-can-finance-clean-reliable-water-supplies","status":"publish","type":"post","link":"https:\/\/stateimpact.npr.org\/oklahoma\/2011\/09\/06\/10-ways-the-state-can-finance-clean-reliable-water-supplies\/","title":{"rendered":"Ten Ways OK Can Finance Clean, Reliable Water Supplies"},"content":{"rendered":"

Oklahoma needs about $38 billion<\/a> to meet the drinking water infrastructure needs for the next 50 years.<\/p>

The Oklahoma Water Resources Board\u2019s estimate \u2014 which uses 2007 dollars and is adjusted for projected inflation \u2014 was released last week in a draft<\/a> of the department\u2019s comprehensive water plan.<\/p>\n

\"\"<\/a><\/p>\n

Oklahoma Water Resources Board<\/p>\n

\n<\/div>

The OWRB found that the state\u2019s current financing programs aren\u2019t enough to meet the projected costs of drinking or wastewater infrastructure projects. Wastewater infrastructure improvements are expected to costs $43 billion (in 2010 dollars) over the next half-century.<\/p>

The OWRB broke down the funding needs by time periods:<\/p>

Drinking Water Infrastructure Needs (in 2007 dollars)<\/strong><\/p>\n\n\n\n\n\n
Year range<\/th>\nPresent to 2020<\/td>\n2021-2040<\/td>\n2041-2060<\/td>\n<\/tr>\n
Cost<\/th>\n$9,682,000,000<\/td>\n$10,688,000,000<\/td>\n$17,531,000,000<\/td>\n<\/tr>\n
Total:<\/th>\n$37,901,000,000<\/td>\n<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>

Wastewater Infrastructure Needs (in 2010 dollars)<\/strong><\/p>\n\n\n\n\n\n
Year range<\/th>\nPresent to 2020<\/td>\n2021-2040<\/td>\n2041-2060<\/td>\n<\/tr>\n
Cost<\/th>\n$12,380,000,000<\/td>\n$22,420,000,000<\/td>\n$8,130,000,000<\/td>\n<\/tr>\n
Total:<\/th>\n$42,930,000,000<\/td>\n<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>

In its draft plan, the OWRB made 10 recommendations to ensure that publicly owned water and wastewater systems \u201cthe financing opportunities necessary\u201d to secure clean, reliable water supplies:<\/p>\n

\n
    \n
  1. Additional state investments.<\/li>\n
  2. Creation of a state-backed credit reserve enhancement program.<\/li>\n
  3. Creation of new or restructured FAP (financial assistance) Loan Program.<\/li>\n
  4. Creation of a small issuer loan initiative.<\/li>\n
  5. Maintain gross production tax revenue for water and wastewater infrastructure.<\/li>\n
  6. Encourage maintaining or increasing Federal SRF (the EPA\u2019s Clean Water State Revolving Fund<\/a>) funding.<\/li>\n
  7. Consider necessity of subsidy reduction.<\/li>\n
  8. Working with members of the team of infrastructure financing professionals and the Funding Agency Coordinating Team, develop new methods to encourage regionalization of water and wastewater supply systems.<\/li>\n
  9. Working with the team of infrastructure financing professionals, identify other state funding sources.<\/li>\n
  10. Working with the team of infrastructure financing professionals, explore new alternative funding sources.<\/li>\n<\/ol>\n<\/blockquote>

    The OWRB is expected to vote on a final version of the plan on Oct. 17 after taking comments from the public. This is the third update of the state\u2019s water plan, which was created in 1980 and updated in 1995.<\/p>\n","protected":false},"excerpt":{"rendered":"

    Oklahoma needs about $38 billion to meet the drinking water infrastructure needs for the next 50 years.The Oklahoma Water Resources Board\u2019s estimate \u2014 which uses 2007 dollars and is adjusted for projected inflation \u2014 was released last week in a draft of the department\u2019s comprehensive water plan.The OWRB found that the state\u2019s current financing programs […]<\/p>\n","protected":false},"author":36,"featured_media":564,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[492,491,15],"tags":[93],"acf":[],"_links":{"self":[{"href":"https:\/\/stateimpact.npr.org\/oklahoma\/wp-json\/wp\/v2\/posts\/557"}],"collection":[{"href":"https:\/\/stateimpact.npr.org\/oklahoma\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stateimpact.npr.org\/oklahoma\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stateimpact.npr.org\/oklahoma\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/stateimpact.npr.org\/oklahoma\/wp-json\/wp\/v2\/comments?post=557"}],"version-history":[{"count":46,"href":"https:\/\/stateimpact.npr.org\/oklahoma\/wp-json\/wp\/v2\/posts\/557\/revisions"}],"predecessor-version":[{"id":12183,"href":"https:\/\/stateimpact.npr.org\/oklahoma\/wp-json\/wp\/v2\/posts\/557\/revisions\/12183"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stateimpact.npr.org\/oklahoma\/wp-json\/wp\/v2\/media\/564"}],"wp:attachment":[{"href":"https:\/\/stateimpact.npr.org\/oklahoma\/wp-json\/wp\/v2\/media?parent=557"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stateimpact.npr.org\/oklahoma\/wp-json\/wp\/v2\/categories?post=557"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stateimpact.npr.org\/oklahoma\/wp-json\/wp\/v2\/tags?post=557"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}