The Department of Environmental Conservation may pay 100 percent or less of the nonfederal costs of projects under Public Law 83-566 for the following purposes:
(1) Flood prevention.
(2) Public recreation or fish and wildlife development.
(3) Storage for stream flow augmentation for multiple purposes. (1966, No. 27 (Sp. Sess.), § 3, eff. March 12, 1966; amended 1981, No. 222 (Adj. Sess.), § 19; 1987, No. 76, § 18.)