The Grand River Dam Authority (GRDA) is an agency of the state of Oklahoma created to control, develop, and maintain the Grand River waterway. It was created by the Oklahoma state legislature in 1935, and is headquartered in Tulsa, Oklahoma. GRDA was designed to be self-funding from the sales of electricity and water. The state of Oklahoma was to provide no funding from taxes. The Authority was authorized to issue revenue bonds to fund large-scale capital investments. According to GRDA's 2012 Annual Report, the agency had nearly US $412 million in operating revenue for 2012, compared to nearly US $395.5 million in 2011. More information...
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