Sec. 202. Flood mitigation assistance prioritization and authorization
320 words·~1 min read·
/bill/115/s/1368/is/section-202A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 1366(a) of the National Flood Insurance Act ( 42 U.S.C. 4104c(a) ) is amended— by redesignating paragraphs (1), (2), and
(3)as subparagraphs (A), (B), and (C), respectively, and adjusting the margins accordingly; in the second sentence of the matter preceding subparagraph (A), as so redesignated, by striking assistance shall be and inserting the following: “assistance shall— be ; in paragraph (1)(C), as so redesignated, by striking the period at the end and inserting ; and ; and by adding at the end the following: in addition to the requirement under paragraph (1)(C), give priority to properties— that are repetitive loss structures; with respect to which flood insurance premiums are unaffordable, as determined by the Administrator; and for which losses exceed the replacement value of the properties. . For each of the first 6 full fiscal years after the date of enactment of this Act, there is authorized to be appropriated $1,000,000,000 to the National Flood Mitigation Fund to provide mitigation assistance under this subsection. The authorization of appropriations under subparagraph
(A)shall not be construed to authorize the transfer or crediting to the National Flood Mitigation Fund of any amounts from the National Flood Insurance Fund. Notwithstanding any other provision of law, including section 1366 of the National Flood Insurance Act of 1968 ( 42 U.S.C. 4104c ) and section 203 of the Robert T. Stafford Disaster Relief and Emergency Assistance Act ( 42 U.S.C. 5133 ), in providing mitigation assistance under this subsection, in order to lessen disaster losses and enhance the financial stability and effectiveness of the National Flood Insurance Program, the Administrator shall give priority to utilizing flood mitigation activities that— provide benefits to an entire floodplain or community, or to a portion of such a community; consider all available and practicable approaches; and the Administrator determines— are technically feasible; have the highest net benefits; and are consistent with mitigation plans approved by the Administrator.
Connectionstraces to 2
Traces to 2 documents
Citation graph
cites case law
Cites 2Cited by 0 across 0 sources