Sec. 402. Treatment of basements
209 words·~1 min read·
/bill/115/hr/3285/ih/section-402A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In this subsection, the term pre-FIRM condominium building means a condominium building that was not constructed or substantially improved after the later of— December 31, 1974; or the effective date of the initial flood insurance rate map published by the Administrator under section 1360 of the National Flood Insurance Act of 1968 ( 42 U.S.C. 4101 ) for the area in which the building is located. The Administrator shall amend section 59.1 of title 44, Code of Federal Regulations, to exclude from the definition of the term basement any pre-FIRM condominium building, the lowest floor of which is not more than 4 feet below the lowest adjacent grade.
In this subsection, the term affected property means a property containing an area— the floor of which was located at or above grade before the community raised the street adjacent to the property; and after the street-raising described in subparagraph (A), that was designated as a basement because of the street-raising. Not later than 1 year after the date of enactment of this Act, the Administrator shall study and submit to Congress a report on the consequences of street-raising on flood insurance coverage for an affected property under the National Flood Insurance Program, including the cost implications for the property owner.
Connectionstraces to 1
Traces to 1 document
Citation graph
cites case law
Sec. 402
Treatment of basements
Cites 1Cited by 0 across 0 sources