Floodplain Restoration: Fee Waivers and Rules for Ecosystem Projects.
This law aims to accelerate and simplify ecosystem restoration projects in floodplains by amending flood insurance regulations. It exempts these projects from fees associated with changing flood insurance rate maps and allows minor increases in base flood elevations, provided existing insured structures and critical infrastructure remain safe. This encourages natural flood defense improvements, potentially benefiting community safety and long-term property protection.
Key points
Ecosystem restoration projects are exempt from paying fees when requesting changes to official flood insurance rate maps.
Communities can approve restoration projects that slightly increase flood levels (up to 1 foot), but only if no existing insured homes or critical infrastructure are negatively impacted.
The goal is to speed up natural flood protection efforts, which can enhance community resilience and potentially stabilize long-term flood insurance costs.
Status:
Introduced
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