Sec. 117. Quantification of benefits for flood risk management projects in seismic zones
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Upon the request of the non-Federal interest for a flood risk management project in a seismic zone, the Secretary shall quantify the seismic hazard risk reduction benefits for the project if the non-Federal interest identifies, and the Secretary approves, an acceptable methodology to quantify such benefits. The Secretary shall— include all associated seismic hazard risk reduction benefits approved by the Secretary in the calculation of the national economic development benefit-cost ratio for a flood risk management project in a seismic hazard zone for purposes of plan formulation pursuant to section 905 of the Water Resources Development Act of 1986; and seek to maximize the combination of flood risk reduction and seismic hazard risk reduction benefits in the formulation of the national economic development alternative for such project.