04 NCAC 19L .1010          NATIONAL FLOOD INSURANCE PROGRAM

(a)  No CDBG funds shall be used for acquisition or construction purposes as defined under section 3(a) of the Flood Disaster Protection Act of 1973 (P.L. 93‑234) in any area that has been identified as an area having special flood hazards, unless the recipient in such an area is participating in the National Flood Insurance Program.

(b)  Recipients must comply with the Regulations implementing the Flood Disaster Protection Act of 1973 (44 C.F.R. 60.3), unless the recipient is participating in the National Flood Insurance Program.

(c)  The use of CDBG funds governed by this Subchapter for acquisition or construction shall be subject to the mandatory purchase of flood insurance requirements of Section 102(a) of the Flood Disaster Protection Act of 1973 (P.L. 93‑234).

(d)  Records of participation in the National Flood Insurance Program shall be maintained by the recipient pursuant to Rule .0911 of this Subchapter.

 

History Note:        Authority G.S. 143B‑10; 143B‑431; 24 C.F.R. Chapter X; 24 C.F.R. 570.487;

42 U.S.C.A. 4002 through 4027; 42 U.S.C.A. 5304(b)(4);

Eff. July 1, 1982;

Amended Eff. March 1, 1984.