To amend the National Flood Insurance Act of 1968 to provide for adequate progress on the construction of a flood protection system to include the appropriation of at least 60 percent of the system cost from Federal, State, or local funds.
About This Bill
Committee
Latest Action · June 17, 2008
Referred to the House Committee on Financial Services.
Amends the National Flood Insurance Act of 1968 to revise the requirements for determining a community's adequate progress on the construction of a flood protection system for flood insurance eligibility purposes. Permits the minimum 60% of system cost appropriation requirement to be met from federal, state, or local appropriations or funds otherwise made available (currently, only from federal appropriations).
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