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Code · STATUTE-COMPILATIONS · Homeowner Flood Insurance Affordability Act of 2014 · Sec. 19

Sec. 19. FLOOD PROTECTION SYSTEMS

315 words·~1 min read·/statute-compilations/comps-10876/sec-19

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

## SEC. 19 FLOOD PROTECTION SYSTEMS ###
(a)Adequate Progress on Construction of Flood Protection Systems Section 1307(e) of the National Flood Insurance Act of 1968 (42 U.S.C. 4014(e)) is amended— ####
(1)in the first sentence, by inserting “or reconstruction” after “construction”; ####
(2)by amending the second sentence to read as follows: “The Administrator shall find that adequate progress on the construction or reconstruction of a flood protection system, based on the present value of the completed flood protection system, has been made only if:
(1)100 percent of the cost of the system has been authorized;
(2)at least 60 percent of the cost of the system has been appropriated;
(3)at least 50 percent of the cost of the system has been expended; and
(4)the system is at least 50 percent completed.”; and ####
(3)by adding at the end the following: “Notwithstanding any other provision of law, in determining whether a community has made adequate progress on the construction, reconstruction, or improvement of a flood protection system, the Administrator shall consider all sources of funding, including Federal, State, and local funds.”. ###
(b)Communities Restoring Disaccredited Flood Protection Systems Section 1307(f) of the National Flood Insurance Act of 1968 (42 U.S.C. 4014(f)) is amended by amending the first sentence to read as follows: “Notwithstanding any other provision of law, this subsection shall apply to riverine and coastal levees that are located in a community which has been determined by the Administrator of the Federal Emergency Management Agency to be in the process of restoring flood protection afforded by a flood protection system that had been previously accredited on a Flood Insurance Rate Map as providing 100-year frequency flood protection but no longer does so, and shall apply without regard to the level of Federal funding of or participation in the construction, reconstruction, or improvement of the flood protection system.”.
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Sec. 19
FLOOD PROTECTION SYSTEMS
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