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FLOOD02680
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Last modified
1/25/2010 6:25:09 PM
Creation date
10/4/2006 11:04:18 PM
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Template:
Floodplain Documents
County
Statewide
Community
State
Basin
Statewide
Title
Flood Mitigation Assistance Program - Local Community Guidebook Planning Component
Date
12/1/1997
Prepared For
NFIP
Prepared By
Missouri State Emergency Management Agency
Floodplain - Doc Type
Educational/Technical/Reference Information
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<br />. <br /> <br />Overview <br /> <br />. <br /> <br />Law and Regulation Guide <br /> <br />The Act that created the Flood Mitigation <br />Assistance Program is entitled the Riegle <br />Community Development and Regulatory <br />Improvement Aot 011994, Publio Law 103- <br />325 passed September 23, 1994, Refer to <br />Title V Seotlon 1366. <br /> <br />The governing regulations for the Flood <br />Mitigation Assistance Program are located <br />in 44 Code 01 Federal Regulations Part 78, <br />These regulations were published in the <br />Federal Register March 20, 1997, <br /> <br /> <br />. To obtain a copy of the law and/or <br />regulations contact the Hazard Mitigation <br />Officer at (573) 526-9228. ~ <br /> <br /> <br />. - <br /> <br />. <br /> <br />Introduction <br /> <br />In t 994. Congress passed the Nationa] Flood Insurance Reform Act. <br />Within this Act, a new program was created entitled the Flood Mitigation <br />Assistance Program (FMA). FMA, in the most basic sense, is a grant <br />program designed to: <br /> <br />]) <br /> <br />Assist state and local jurisdictions in developing a long- <br />term comprehensive flood reduction plan, and <br />Reduce the number of repetitively damaged structures and <br />associated claims against the National Flood Insurance <br />Program, <br /> <br />2) <br /> <br />When the program was created, Congress empowered the director of the <br />Federal Emergency Management Agency (FEMA) to create a new fund <br />entitled the "National Flood Mitigation Fund", This fund is credited when <br />the FEMA director transfers money from the already existing National <br />Flood Insurance Fund. The National Flood Insurance Fund is the deposit <br />account for all flood insurance policy payments. So, in essence, the FMA <br />account is funded with flood insurance policy payments, The director is <br />authorized to transfer up to $20 million annually to the FMA fund. <br /> <br />Each year, FEMA will allocate the funds in the FMA account to the states. <br />The first allocations were announced in May] 997. FEMA awards the state <br />allocations based on the number of flood insurance policies in force within <br />the state and the amount of claims paid against the National Flood <br />Insurance Fund. <br /> <br />Local jurisdictions participating in the National Flood Insurance Program, <br />and in good standing, are eligible to apply for two types of FMA grants: <br /> <br />I) Planning Grants - - designed to assist in developing a long- <br />term comprehensive flood reduction plan, and <br />2) Project Grants - - designed to implement flood reduction <br />activities identified in the flood reduction plan, <br /> <br />Before a local jurisdiction may apply for a Project Grant, a flood reduction <br />plan (officially called a F]ood Risk Mitigation Plan) must be submitted to <br />the Missouri State Emergency Management Agency and approved by the <br />Federal Emergency Management Agency. In addition, there are funding <br />limits. For example, a local jurisdiction may only receive a Planning Grant <br />once every five (5) years and the award may not exceed a $50,000 federal <br />share. For Project Grants, a loca] jurisdiction within a five (5) year period <br />may receive up to $3,300,000. The one-time request rule for Planning <br />Grants DOES NOT apply to Project Grant requests, <br /> <br />This guidebook has been designed to help ]oeal jurisdictions develop the <br />Flood Risk Mitigation Plan and apply for a planning grant. Additionally, <br />guidance on how to administer a planning grant, should one be awarded to <br />your local jurisdiction, is provided in this guidebook, <br /> <br />Introduction <br />
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