FLOOD05285

• County: Statewide
• Basin: Statewide
• Title: National Flood Insurance Program - Revised Through 9/12/1994
• Date: 1/1/1995
• Prepared For: US
• Prepared By: FEMA
• Floodplain - Doc Type: Historic FEMA Regulatory Floodplain Information

(D)
paragraph--

DEFINITIONS. - - For purposes of this

(i) the term "agricultural structure"
means any structure used exclusively in connection with
the production, harvesting, storage, raising, or drying
of agricultural commodities; and

(ii) the term "agricultural commodities"
means agricultural commodities and livestock.

(b) 24 eOMMUNITY RATING SYSTEM AND INCENTIVES FOR COMMUNITY'
FLOODPLAIN MANAGEMENT. - -

(1) AUTHORITY AND GOALS.--The Director shall carry
out a community rating system program, under which
communities participate voluntarily--

(A) to provide incentives for measures that reduce
the risk of flood or erosion damage that exceed the
criteria set forth in section 1361 and evaluate such
measures;

(B) to
measures that
functions;

encourage adoption of more effective
protect natural and beneficial floodplain

and

(C) to encourage floodplain and erosion management;

(D) to promote the reduction of Federal flood
insurance losses'.

(2) INCENTIVES. --The program shall provide
incentives in the form of credits on premium rates for
flood insurance coverage in communities that the
Director determines have adopted and enforced measures
that reduce the risk of flood and erosion damage that
exceed the criteria set forth in section 1361. In
providing incentives under this paragraph, the Director
may provide for credits to flood insurance premium rates
in communities that the Director determines have
implemented measures that protect natural and beneficial
floodplain functions.

24Sec. 541, National Flood Insurance Reform Act of 1994,
Public Law 103-325, approved September 23, 1994,
inserted the designation "(a)" after "Sec. 1315" and
added subsection (b).

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