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<br />Eng ineers to prov:.de in::ormation and ,~ng ineer inCj c.ssistance :0 these <br />governments upon :u"q'lesi:. <br /> <br />In 1968 the ongreH~ enacted the National Flood Insurance Act <br />(42 U.".C. 4(01), \.,hLch E,stablished a program to rrovide indemnifi- <br />cation against flood losses. It permits owners of property located <br />in eliqible flood"pr')ne communities to buy federally subEidized <br />flood-Loss inSUraJ1Ce at reasonable rates. For prc:perty owners to be <br />eligible for such J_nsurance, the local governmenbl must adopt and <br />enforce floodplai::l manaqement measu.res t.o reduce probabiJ ity and <br />severi:y of flood damage,. The program is administered by the Federal <br />Insura:1ce Adminisl:ra:ion (:E'IA) , Department of Hamling ano Urban <br />Develo'oment (HUD) <br /> <br />11 <br />of 1973 <br /> <br />1973 the con]ress enacted the Flood Disaster Prot.ection Act <br />(87 Stat.. 973), "hich expanded t.he flood :..nsurance program to: <br /> <br />a, substantlalLy lncrease the limits of coverage authcrized <br />under :he nationa~ flood insurance program, <br /> <br />b. provide Cor th" expeditious identification of, ".nd dis- <br />semina:ion of inf~rmdti()n concerning, fJood-prone areas. <br /> <br />c. require s+:a-:.es and local communities, as a condition of <br />future federal or ~ederal'y-related financial assistance for acquisition <br />or construction of property after July J., 1975, to participate in the <br />flood insurance p'~og:carrl and to adopt adequate floodplain ordinances <br />with effective enforcement provisions consistent with federal standards <br />to red'lce or avoLl f~tu.~e flood losses; and <br /> <br />d. require '):n:oha'le of flood insurance by property owrers who <br />are be Lng assisteel by f,',deral programs or by fedeJ:'ally supervised, <br />regula:ed, or insllced aqencies or institutions in the acquifition or <br />improv-"ment of land :n :'acilities located in flood hazard areas. <br /> <br />1::glorado Legislation <br /> <br />11 1922, the ColorJdo General Assembly enacb,d the <br />Law of Colorado" (re~od3d as articles 1 to 8 of tctle 37 <br />providing in sec~ion 37-2-201(1) for the organization of <br />distri:ots for any of tho> following purposes: <br /> <br />'Conservancy <br />CRS 1973), <br />conservancy <br /> <br />a. preventilg flo~js. <br /> <br />2 <br />