Private Dam Financial Assurance Program (PDFAP)
The Private Dam Financial Assurance Program was established under the Private Dam Financial Assurance Program Act (PDFAP Act) to provide financial assurance assistance to owners of regulated private dams to meet proof of financial responsibility required under Section 11 of the Dam Safety and Encroachments Act. The PDFAP Act also has a provision to provide low interest loans to eligible dams once the fund has reached $1,500,000. The program is administered jointly by the Department of Community and Economic Development (DCED) and the Department of Environmental Protection (DEP).
Maintenance, repair, rehabilitation, reclamation, permanent breach, demolition, excavation, and engineering.
Any of the following owners who owns, controls, operates, maintains, or manages a regulated private dam and are enrolled in the Private Dam Financial Assurance Program:
- Common Interest Community
- Community Association
Loans up to $500,000.
Interest rates equal to the 5-year US Treasury Note at time of application; Terms up to 10 years and a 50% match is required.
How to Apply
Private Dam Owners who are enrolled and maintain good standing in the Private Dam Financial Assurance Program. Compliance must also be maintained with the Dam Safety and Encroachments Act and the regulations promulgated under that Act, including, but not limited to, annual inspection reporting, payment of registration fees and compliance with an approved Emergency Action Plan. To enroll in the Private Dam Financial Assurance Program please see the enrollment guidelines above.
Private Dam Owners looking to enroll in the program must submit an electronic single application (ESA) on the ESA website. Enrollment in the program requires the payment of a $1,000 enrollment fee and an amount equal to 1% of the Proof of Financial Responsibility amount required by the Department of Environmental Protection.