Section 214-4-2 - Eligibility1.Applicants. The applicant must be a municipality or a quasi-municipal corporation or district that owns or is proposing to acquire a dam. 2.Projects. Applicants may apply for a loan for a project in one or more of the following categories: A.Acquisition - engineering and legal costs necessary to acquire title to a dam for the purpose of repair, reconstruction or removal. B.Engineering - engineering studies to determine structural deficiencies and/or to develop plans for repair or reconstruction of a dam.C.Repair or reconstruction - engineering, construction and/or related legal costs necessary to repair or reconstruct a dam. D.Removal - engineering, construction and/or related legal costs for breaching or removal of a dam.E.Emergency remedial measures - costs incurred to address an emergency situation, as defined in Title 37-B MRSA §1111, sub-§4, or to comply with a dam safety order issued pursuant to Title 37-B MRSA §1119, sub-§4. 3.Loan Requests. Applicants may request a loan of up to one hundred thousand dollars ($100,000.00) per application, with a payback period of up to five (5) years. 15- 214 C.M.R. ch. 4, § 2