Iowa Code 29C.7 – Hazard mitigation financial assistance
Current as of: 2023 | Check for updates
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1. If financial assistance is granted by the federal government under the federal Robert T. Stafford Disaster Relief and Emergency Assistance Act, Pub. L. No. 93-288, as amended, 42 U.S.C. § 5121 et seq. or the federal National Flood Insurance Reform Act of 1994, Pub. L. No. 103-325, 42 U.S.C. § 4001 et seq. for hazard mitigation and section 29C.6 is not applicable, the state may participate in the funding of the financial assistance authorized to a local government in an amount not to exceed ten percent of the eligible expenses, with the applicant providing the balance of any participation amount. If financial assistance is granted by the federal government as described in this section for state-related hazard mitigation, the state may participate in the funding of the financial assistance authorized, not to exceed fifty percent of the total eligible expenses.
Terms Used In Iowa Code 29C.7
- Applicant: means a person authorized to regularly lend moneys to be secured by a mortgage on real property in this state, a licensed real estate broker, a licensed attorney, a participating abstractor, or a licensed closing agent. See Iowa Code 16.92
- state: when applied to the different parts of the United States, includes the District of Columbia and the territories, and the words "United States" may include the said district and territories. See Iowa Code 4.1
2. State participation in funding financial assistance to local government under subsection 1 is contingent upon the local government having on file a state-approved, comprehensive emergency plan which meets the standards adopted pursuant to section 29C.9, subsection 8.