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1 H.R. 2548, Hazard Eligibility and Local Projects Act 1 (September 25, 2019)

handle is hein.congrec/cbohzel0001 and id is 1 raw text is: Congressional Budget Office \ 7Cost Estimate September 25, 2019 By Fiscal Year, Millions of Dollars 2019 2019-2024 2019-2029 Direct Spending (Outlays) Revenues Increase or Decrease (-) in the Deficit 0 0 0 17 17 0 17 0 17 The Federal Emergency Management Agency (FEMA) administers several grant programs that provide assistance to state and local governments, as well as residential and commercial property owners, in an effort to mitigate damages that may be caused by future disasters. In fiscal year 2018, the Congress provided appropriations for those programs as follows: * $540 million for the Hazard Mitigation Grant (HMG) program; * $249 million for the Predisaster Mitigation (PDM) program; and * $175 million for the Flood Mitigation Assistance (FMA) program. H.R. 2548 would expedite the approval of grants for certain property acquisition and relocation projects that are funded by those programs. The bill would require FEMA to approve grants for all applications submitted under those programs-including those submitted after January 1, 2016-if a project satisfies the following two conditions: * The project is for acquisition or relocation of a vulnerable property, regardless of whether the applicant initiated planning or construction before or after applying for assistance'; and 1. Under current law, grants generally cannot be used for project costs that the applicant incurs prior to a grant being awarded; applicants who begin work on a project before a grant has been awarded are disqualified from the application process. See also CBO's Cost Estimates Explained, www.cbo.gov/publication/54437; How CBO Prepares Cost Estimates, www.cbo.gov/publication/53519; and Glossary, www.cbo.gov/publication/42904.

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