How does participation in the NFIP affect a communitys access to federal funding, including mitigation planning grants?
Flood insurance, and most types of federal financial assistance, such as mortgage loans and mitigation planning and project grants, are only available in those communities that adopt and enforce a floodplain management ordinance that meets or exceeds the minimum NFIP standards. These same standards must also be adhered to by all federal agencies under a Presidential Floodplain Management Executive Order, and by state agencies under the Governor’s Executive Order. If a community agrees to join the NFIP, they may apply for mitigation planning grant funds. A non-participating community must provide a letter stating their intent to join the NFIP with their mitigation planning grant application. If the state determines that the jurisdiction has not made a good-faith effort to join the program as promised, mitigation planning funds must be returned to the Division of Emergency Management. In June 2001, the North Carolina General Assembly passed Senate Bill 300: An Act to Amend the Laws Regar
Related Questions
- How do you reflect budget adjustments on planning estimates for increases/decreases in federal funding when the amount of funds remains constant?
- How does participation in the NFIP affect a communitys access to federal funding, including mitigation planning grants?
- How will recent changes in the federal estate tax affect my planning?
