[Code of Federal Regulations]
[Title 44, Volume 1]
[Revised as of October 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 44CFR78.1]

[Page 375]
 
              TITLE 44--EMERGENCY MANAGEMENT AND ASSISTANCE
 
             CHAPTER I--FEDERAL EMERGENCY MANAGEMENT AGENCY
 
PART 78--FLOOD MITIGATION ASSISTANCE--Table of Contents
 
Sec. 78.1  Purpose.

    (a) The purpose of this part is to prescribe actions, procedures, 
and requirements for administration of the Flood Mitigation Assistance 
(FMA) program, authorized by Sections 1366 and 1367 of the National 
Flood Insurance Act of 1968, 42 U.S.C. 4104c and 4104d.
    (b) The purpose of FMA is to assist State and local governments in 
funding cost-effective actions that reduce or eliminate the long-term 
risk of flood damage to buildings, manufactured homes, and other 
insurable structures. The long-term goal of FMA is to reduce or 
eliminate claims under the National Flood Insurance Program (NFIP) 
through mitigation activities. The program provides cost-shared grants 
for three purposes: Planning Grants to States and communities to assess 
the flood risk and identify actions to reduce that risk; Project Grants 
to execute measures to reduce flood losses; and Technical Assistance 
Grants that States may use to assist communities to develop viable FMA 
applications and implement FMA projects. FMA also outlines a process for 
development and approval of Flood Mitigation Plans.