To be eligible for funding pursuant to this chapter, a project shall satisfy all of the following conditions: (

a) The lake is situated in an urbanized area of a standard metropolitan statistical area. (

b) The lake is close to, and accessible by residents of, an area comprised of economically disadvantaged persons. (

c) The lake is served by public transportation and is readily accessible by a large proportion of the residents of the entire metropolitan area. (

d) There is significant and demonstrated public support and interest in the community for rehabilitating the lake for sportfishing purposes. (

e) The lake currently has, or when rehabilitated will have, a water surface area of not less than three acres. (

f) The lake is located in a public park or recreation area operated and currently staffed by the applicant. (

g) The lake is held in fee by the applicant or is leased by the applicant for a term of not less than years. (

h) The applicant has prepared, and submitted as part of the grant proposal, a plan for rehabilitating the lake that includes evidence of the potential for the lake, when rehabilitated, to support and sustain a fish population through natural reproduction; techniques, procedures, and costs projected for the rehabilitation and future maintenance and operation of the lake; and an assessment of the benefits to be derived from implementing the proposal. The plan shall be suitable for forming the basis of the agreement specified in

Section if the proposal is approved.