This bill would allow the Federal Emergency Management Agency (FEMA) to release local governments from land use restrictions that were imposed because of a flooding hazard if they meet certain conditions. In effect, it would make it easier for local communities to redevelop properties that had been damaged by a flood as long as steps have been taken to reduce the risk of future flooding.
The land use restrictions imposed by FEMA could be lifted if:
The local government requests that the state release it from the restrictions over five years after the land became subject to restrictions;
FEMA hasn’t designated the land as a special flood hazard area as of the request date;
The local government certifies that it didn’t coerce the original property owner when acquiring the land;
The state approves the request and recommends that FEMA approve it;
The local government repays FEMA for hazard mitigation assistance it received for the land or substitutes a different parcel that is covered by the same restrictions;
FEMA issues its final approval for the request.