Flood Hazard Mitigation/Florida Communities Trust (Watch)

Flood Hazard Mitigation/Florida Communities Trust (Watch)

SB 158 (Brandes) and HB 1097 (Stevenson) revise the permissible projects that may be funded by the Florida Communities Trust (FCT) to include flood mitigation projects. The bills specify the purpose of such projects is to improve a community’s classification under the National Flood Insurance Program Community Rating System and to assist local governments in implementing flood risk- reduction policies and projects consistent with their comprehensive plan, an approved local hazard mitigation plan or an adaptation action plan. The bills direct that funds for flood mitigation projects must be identified specifically and separately from total funds appropriated to the FCT. The maximum annual grant award to an applicant is limited to $5 million. The bills direct the Department of Environmental Protection to develop rules for grant applications, a prioritized ranking system for project awards and project reporting by applicants. (O’Hara)