The Grand River Dam Authority (GRDA) is a non-profit Oklahoma agency created to control, develop, and maintain the Grand River waterway. It was created by the Oklahoma state legislature in 1935, and is headquartered in Vinita, 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. - Source: Wikipedia
