[Code of Federal Regulations]
[Title 44, Volume 1]
[Revised as of October 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 44CFR78.11]

[Page 378-379]
 
              TITLE 44--EMERGENCY MANAGEMENT AND ASSISTANCE
 
 CHAPTER I--FEDERAL EMERGENCY MANAGEMENT AGENCY, DEPARTMENT OF HOMELAND 
                                SECURITY
 
PART 78--FLOOD MITIGATION ASSISTANCE--Table of Contents
 
Sec. 78.11  Minimum project eligibility criteria.

    The identification of a project or activity in an approved Flood 
Mitigation Plan does not mean it meets FMA eligibility criteria. 
Projects must:
    (a) Be cost-effective, not costing more than the anticipated value 
of the reduction in both direct damages and subsequent negative impacts 
to the area if future floods were to occur. Both costs and benefits are 
computed on a net present value basis.
    (b) Be in conformance with 44 CFR part 9, Floodplain Management and 
Protection of Wetlands; Executive Order 12699, Seismic Safety of Federal 
and Federally Assisted or Regulated New Building Construction; 44 CFR

[[Page 379]]

part 10, Environmental Considerations; and any applicable environmental 
laws and regulations.
    (c) Be technically feasible.
    (d) Be in conformance with the minimum standards of the NFIP 
Floodplain Management Regulations at 44 CFR part 60.
    (e) Be in conformance with the Flood Mitigation Plan; the type of 
project being proposed must be identified in the plan.
    (f) Be located physically in a participating NFIP community that is 
not on probation or must benefit such community directly by reducing 
future flood damages.