Bill > SB92

This bill establishes the Water and Wastewater Infrastructure Investment Program through the Oklahoma Water Resources Board, which will provide competitive loans to eligible entities for water and wastewater improvement projects. The program will rank loan applications based on project criticality, available financing, conservation efforts, and matching funds availability. Each loan will include a "clawback provision" requiring recipients to reimburse funds if they fail to meet contract terms. The Board will create an interactive online map showing infrastructure needs, project statuses, and estimated completion dates. A new revolving fund will be created in the state treasury, with loan allocation percentages distributed across different population sizes: 25% for areas over 400,000 population, 25% for areas between 30,000-400,000 population, and 50% for areas under 30,000 population. The Board can reserve up to 2% of the fund annually for program administration and has discretion to use funds for enhancements, loan programs, and infrastructure planning. The program aims to prioritize using local contractors and businesses, and will become effective on July 1, 2025, with an emergency clause allowing immediate implementation to address public health and safety needs.

Agriculture and Natural Resources, Budget and Finance

http://www.oklegislature.gov/BillInfo.aspx?Bill=sb92&Session=2600