Okla. Stat. tit. 82, § 82-1085.94: Powers and duties of Water Resources Board

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

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

1. After receipt from the Oklahoma Department of Emergency

Management and Homeland Security, process applications for grant

funds or loans from the Hazard Mitigation Financial Assistance Fund

and enter into grant or loan agreements for use of such funds;

2. Promulgate rules as deemed necessary by the Board to

administer the Hazard Mitigation Financial Assistance Program;

3. Utilize the priority listing of applicants compiled by the

Oklahoma Department of Emergency Management and Homeland Security in

considering applications;

4. a. Issue investment certificates, in accordance with the

provisions of Sections 1085.33 and 1085.37 of this

title and the Oklahoma Bond Oversight and Reform Act,

to provide necessary funds first to meet the demand

for loan funding from the Hazard Mitigation Financial

Assistance Program; provided, any investment

certificate proceeds not needed for such demand may be

used by the Board, as needed, for funding other

financial assistance programs authorized in this

title, and

b. Enter into loan agreements with and make loans from

the proceeds of investment certificates to eligible

entities for hazard mitigation projects upon terms not

inconsistent with the provisions of Section 1085.36 of

this title; and

5. Enter into agreements with the Oklahoma Department of

Emergency Management and Homeland Security or other state or federal

agencies as deemed necessary by the Board to monitor and measure

hazard events.

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

Oklahoma Department of Emergency Management and Homeland Security

shall:

1. Promulgate rules providing for and establishing a priority

listing of grant and loan applicants for flood hazard mitigation

projects subject to the Oklahoma Civil Defense and Emergency

Resources Management Act; and

2. Determine eligibility of those entities authorized to

receive funding from the Hazard Mitigation Financial Assistance

Fund.