Okla. Stat. tit. 82, § 82-1085.55

A. In addition to other powers and duties provided by law, the

Oklahoma Water Resources Board shall have the power and duty to:

1. Prepare and maintain the priority list for all water

quality projects. In developing the priority list, the Board shall

rely on input from the Department of Environmental Quality and the

Conservation Commission;

2. Review and assess the planning and preliminary financial

documents for and cost effectiveness of water quality projects on

the priority list;

Oklahoma Statutes - Title 82. Waters and Water Rights Page 244

3. Determine water quality project feasibility and the

entities' eligibility to receive funding from the Clean Water State

Revolving Fund Loan Account;

4. Perform the environmental review and make the appropriate

environmental determinations in accordance with the environmental

review process approved by the Environmental Protection Agency;

5. Provide oversight and technical assistance during the

planning, design, and construction phase of the water quality

project for which the entity is applying for such loan; and

6. Be the instrumentality to make application to the

Environmental Protection Agency for the capitalization grant which

is to be placed in the Clean Water State Revolving Fund Loan

Account.

B. In determining the cost effectiveness of any water quality

project, the Board shall require the preparation of a cost effective

analysis of feasible alternatives capable of meeting state and

federal water quality and public health requirements. The

alternative selected shall be the most economical means of meeting

applicable state and federal effluent and water quality or public

health requirements over the useful life of the water quality

project while recognizing environmental and other nonmonetary

considerations determined to be relevant by the Board.