Question:
| Will rates be reduced when a flood control project is partially completed? |
Answer:
| The answer to this question depends on whether the flood control project provides an adequate level of protection and if it involves federal funding. If the project is federally funded, then FEMA will revise the Flood Insurance Rate Map (FIRM) to show changes in the floodplain if the critical features of the project are under construction, 50 percent of the total cost has been expended, and 100 percent of the funding is authorized. When the FIRM is revised, the protected area will be designated Zone A99, and the flood insurance rate will be the same as in Zones B, C, and X. If a flood control project does not involve federal funds, FEMA would handle a map revision request as a Conditional Letter of Map Revision. The project sponsor must submit engineering and technical information to document the level of protection, how the floodplain is modified, the structural adequacy of the project, and operations and maintenance requirements. The FIRM would be changed after the project is complete and "as built" plans have been certified and submitted to FEMA. At that time, the flood insurance rate in areas certified as protected would be the same as in Zones B, C, and X. |
Last Updated: 2007-01-08 12:04:58.0
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