Section 15.03 - Program Management(1) EEA may use amounts in the Fund to make both Grants and Loans to eligible recipients as provided in 301 CMR 15.04.(2) Subject to available funding, EEA will post a Request for Responses on a publicly accessible common website as directed by the Commonwealth's Operational Services Division of the availability of financial assistance from the Fund which will include information on how to apply and related program requirements.(3) All awards made shall be subject to 815 CMR 2.00: Grants and Subsidies.(4) Upon establishment of the Fund, 50% of the monies deposited into the Fund shall be dedicated to a sub-account for Grant and Loan awards for projects related to Dams. The repayment of principle on all Loans from this sub-account shall remain dedicated to providing Loan assistance to projects related to Dams.(5) Upon establishment of the Fund, the remaining 50% of the monies deposited into the Fund shall be dedicated to a sub-account for Grant and Loan awards for projects related to other means of flood or wave control including, but not limited to, Seawalls, Jetties, Groins, Revetments, Retaining Walls, and Levees. The repayment of principle on all Loans from this sub-account shall remain dedicated to these purposes.(6) Subsequent to the establishment of the Fund, interest paid to EEA on Loans issued shall also be allocated evenly to each sub-account as described 301 CMR 15.03(4) and (5).(7) The Secretary shall solicit public input periodically on the priorities to be addressed by Grants and Loans authorized under 301 CMR 15.06.(8) EEA may contract with a third party to assist with fund administration.(9) EEA may charge an annual fee to cover the cost of Loan administration during the term of the loan. All such fees and any interest charged will be outlined in the loan agreement.Amended by Mass Register Issue 1325, eff. 11/4/2016.