OKLAHOMA CITY – Alva Utility Authority (Authority) received approval for a $5,835,000 Financial Assistance Program (FAP) loan Tuesday from the Oklahoma Water Resources Board (OWRB).

The authority will use these proceeds to replace its ground storage tank at the well field with a new 500,000-gallon tank, approximately 11,150 feet of 6-inch water main, 1,800 linear feet of 10-inch water main, and for a telemetry system.

According to Joe Freeman, chief of the OWRB’s Financial Assistance Division, the Authority’s customers will save an estimated $1,155,900 over the life of the 30-year loan compare...