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<br />-2- <br /> <br />5. <br />6. <br /> <br />floodplain maps prepared many years ago becoming outdated, <br />changes to the floodplain resulting from large floods, <br />changes to the floodplain resulting from human activities in the floodplain, <br />changes in engineering and mapping techniques and/or data allowing improved <br />accuracy in studies, <br />growth into floodplains previously unstudied, and <br />conversion of existing floodplain mapping into an electronic format and the <br />development of all new floodplain mapping into such a format. <br /> <br />. <br /> <br />1. <br />2. <br />3. <br />4. <br /> <br />Due to these factors, there will always be a need for new floodplain maps. Current rapid <br />growth in Colorado makes the need for new maps especially high, <br /> <br />Federal Funding Trends <br />Historically a large number of floodplain maps in Colorado have been prepared by three <br />Federal agencies (FEMA, the Corps of Engineers, the NRCS). In recent years Federal funding <br />for floodplain mapping has been greatly reduced. None of the three agencies listed above has <br />had a substantial budget for mapping until Congress made a recent change for one agency, <br />FEMA. FEMA completed its Mllp Modernization Plan to update the nation's inventory of <br />Flood Insurance Studies in 2000. To date, Congress has not chosen to fund the full $750 - <br />$800 million plan, either through a general appropriation or through a proposed real estate <br />transaction fee. However, for the current fiscal year (FY '02) Congress approved <br />approximately $30 million in funding as a first step in the multi-year proposed plan, <br /> <br />There is a possible maior improvement in federal funding for next year. While at this point it . <br />is just a Presidential Budget proposal, President Bush's recently released budget for FY '03 <br />includes $300 million for floodplain mapping, an enormous proposed increase (actually a ten- <br />fold increase) in FEMA mapping funding, If Congress chooses to support most or all of the <br />President's proposal, there will be a substantial change in federal funding for floodplain <br />mapping, including mapping in Colorado. Despite very serious budgetary problems in <br />Colorado, this potential major increase in federal funding provides Colorado with the very real <br />possibility of using both state and federal funds to tj:Jake major progress in meeting the state's <br />floodplain mapping needs: Any state that is able to provide a large matching/partnering <br />funding contribution to FEMA projects will be in a better position than states that do not <br />provide such funding. <br /> <br />Need for State Funding of Floodplain Mapping <br />Up-to-date and accurate floodplain mapping is thecomerstone of all floodplain management <br />activities in nearly every Colorado community. FIQodplain mapping is a critical tool for land <br />use decision-making and regulation, flood insuranc,e determinations, public safety and hazard <br />awareness, flood response, and flood hazard mitigation. Community officials, landowners, <br />potential homebuyers, mortgage bankers, developers, and other interested parties rely on <br />floodplain mapping to make decisions about land use and hazards risk every day. For <br />communities that need flood hazard mitigation proj ects, both structural and non-structural, <br />floodplain maps are a necessity, It is virtually impossible to design and implement mitigation <br />projects without detailed floodplain mapping. Some recent examples of mitigation projects <br />conceived or designed (some not yet implemented) using floodplain mapping as basis for . <br />design are listed below: <br /> <br />Flood Protection. Water Project Planning and Financing. Stream and Lake Protection <br />Water Supply Protection.' Conservation Planning <br />