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Code · BILL · 113th Congress · H.R. 1268 (Introduced in House) — To amend the Internal Revenue Code of 1986 to provide a credit for qualified flood mitigation expenses incurred with... · Sec. 3

Sec. 3. Increased funding for mitigation programs

276 words·~1 min read·/bill/113/hr/1268/ih/section-3

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There are authorized to be appropriated to the Administrator of the Federal Emergency Management Agency— $100,000,000 for carrying out the predisaster hazard mitigation program authorized by section 203 of the Robert T. Stafford Disaster Relief and Emergency Assistance Act (42 U.S.C. 5133); and $100,000,000 for carrying out the flood mitigation assistance program authorized by section 1366 of the National Flood Insurance Act of 1969 ( 42 U.S.C. 4104c ), which shall remain available until expended. In carrying out the programs specified in subsection
(a)using the amounts made available to the Administrator under this section, the Administrator shall ensure that such amounts are used as follows: Such amounts may be used only for— mitigation activities under such programs for properties eligible pursuant to paragraph (2); and acquisition by States and communities of properties eligible pursuant to paragraph (2). Such amounts may be used only with respect to properties that— are located in an area for which revised flood insurance rate maps under the national flood insurance program take effect after the date of the enactment of the Biggert-Waters Flood Insurance Reform Act of 2012 (subtitle A of title II of division F of Public Law 112–141 ; 126 Stat. 916); and have an elevation that is lower than the base flood elevation for the area in which the property is located, as determined by the applicable such flood insurance rate map; or are located in an area that, after the date of the enactment of the Biggert-Waters Flood Insurance Reform Act of 2012, has been designated as having a higher flood risk than the flood risk designated for the area as of such date of enactment.
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  • Pub. L. 112-141
  • 126 Stat. 916
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Sec. 3
Increased funding for mitigation programs
Pub. L.Pub. L. 112-141
Stat.126 Stat. 916
Cites 4Cited by 0 across 0 sources
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