Private Dam Financial Assurance Program Takes Effect

 
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State Rep. Rosemary Brown’s legislation to create the Private Dam Financial Assurance Program (PDFAP), which was included in the 2018-19 fiscal code, has officially gone into effect as of Wednesday, January 2, 2019. 

Rep. Brown has been working diligently with statewide private dam owners and various DEP officials over the last few years to develop this program which will benefit private dam owners by providing them support to meet their financial obligations. CAI also lobbied for the adoption of this legislation. 

Through this self-funded program, a one-time $1,000 fee, and an annual fee of 1 percent of the bond amount required by the Department of Environmental Protection (DEP) will be deposited into the fund. Involvement in this revolving loan program will take the place of much larger bond requirements that DEP was originally mandating. This program will also provide maintenance and repair assistance to dam owners once the fund’s balance is equal to, or greater, than $1.5 million.

Additionally, if a dam owner qualifies and enters into the PDFAP, this satisfies DEP’s surety bond requirement. Owners must also maintain good standing within the program. More information, including how to enroll, is available on the website for the PA Department of Community and Economic Development at this link

You can also review the documents below for more information:

PDFAP Enrollment Guidelines
PDFAP Loan Application Process Guidelines

This information was supplied by the office of State Representative Rosemary Brown.

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