Section 694.502 - Distribution of funds(a) General rule.--The board shall distribute funds available under section 501(c) by awarding grants to eligible applicants for the following projects: (1) Water or sewer projects owned by an eligible applicant.(2) Flood control projects owned by an eligible applicant.(3) High hazard unsafe dam repair or rehabilitation projects for dams owned by an eligible applicant.(b) Review.-- The authority shall consult with the appropriate agency under section 503 and award grants in accordance with priorities under section 503 and guidelines adopted undersection 501(h).2008, July 9, P.L. 908, No. 63, §502, effective in 60 days [ 9/8/2008]. Affected 2009, Oct. 9, P.L. 537, No. 50, § 7(6), imd. effective.