The Norman Transcript

Headlines

October 7, 2012

SQ 764: New plan proposed for water supply

(Continued)

NORMAN —

If approved, SQ 764 creates the Water Infrastructure Credit Enhancement Reserve Fund which increases the Water Resource Board’s ability to provide financing for infrastructure projects.

“The Water Resources Board can lend municipalities and rural water districts money at a lower interest rate than a bank can,” Komiske said. “This saves ratepayers — our customers — money.”

SQ 764 also would create a funding mechanism authorizing $300 million in new financing for water infrastructure enhancements. This fund would make available $3 billion in new financing for projects, assisting municipalities and other water providers to keep up with increasing demands for more drinking water and for wastewater needs.

Proponents of SQ 764 say use of the current OWRB loan program “has saved Oklahoma communities over $900 million since it began, and the new reserve fund would follow a similar model.”

Joy Hampton366-3539jhampton@normantranscript.com

 

For local news and more, subscribe to The Norman Transcript Smart Edition, or our print edition.

Text Only | Photo Reprints
Headlines
  • Wastewater upgrade under way

    Norman’s $63 million water reclamation facility upgrade is under way. Once known as a sewer plant, the facility’s moniker reflects the current trend in water reuse and treatment that’s crossing the United States....

    August 1, 2014

  • Okla. City museum shows pigeons in positive light

    OKLAHOMA CITY — It wasn’t long after Lorrie Monteiro started her new gig as curator of the American Pigeon Museum that she started to wonder, “What have I done?” Monteiro had experience working at museums but knew almost nothing about the ...

    August 1, 2014

  • Five more bike racks installed downtown

    Public art was installed Thursday along east Main Street in historic downtown Norman. Five colorful art pieces aren’t just for looks. The musical notes, dream catcher, fork and spoon, scissortail flycatcher and a bent arrow also are bike ...

    August 1, 2014

  • Meet the Sooners on Saturday

    Meet the Sooners Day will be Saturday at Gaylord Family Oklahoma Memorial Stadium. The annual, free event kicks off preseason practice and gives University of Oklahoma fans an opportunity to interact with their favorite players and ...

    August 1, 2014

  • OKC man charged with rape

    After being brutally raped and kidnapped for four days, a woman escaped and called 911 last week, which led to charges against an Oklahoma City man. Zohaib Sahibzada Dastgir, 28, was charged with three counts of first-degree rape, two ...

    August 1, 2014

  • One killed when shipping container falls onto vehicle

    OKLAHOMA CITY — Oklahoma City police say one person was killed when a shipping container was knocked from an Oklahoma National Guard vehicle and landed on a pickup truck....

    August 1, 2014

  • Target taps outsider as CEO for shakeup

    NEW YORK — Target is bringing in an outsider as its CEO for the first time as the retailer fights to redefine itself to American shoppers....

    August 1, 2014

  • Parks officials set to fog for mosquitoes in Norman

    Norman parks and recreation officials will fog for mosquitoes Saturday night in northeast Norman....

    August 1, 2014

  • New natural gas plant coming to south central area

    OKLAHOMA CITY — A new plant projected to process 200 million cubic feet of natural gas per day is coming to the Grady/Stephens county area....

    August 1, 2014

  • Motorists should watch for pedestrians

    With another school year approaching, the Norman Police Department wants motorists to be mindful of the increase in pedestrian and vehicle traffic. During the month of August, the Norman Police Department will concentrate resources in the ...

    August 1, 2014