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B-114860 1 (1978-01-26)

handle is hein.gao/gaobachca0001 and id is 1 raw text is: COMPTROLLER GENERAL OF THE UNITED STATES\ 725 WASHINGTON. 01C. 1Q$AM ili14860 JAN 2S 1978 EDS-139 ,he Honorable Henry S. Reuss, Chairman Ommittee on Banking, Finance an Urban Affairs ouse of Representatives iear Mr. Chairman: As part of our continuing audit effort in the area of lood insurance and flood plain management, we have reviewed .R. 10051, which was introduced on November 4, 1977. ollowing are our comments on this bill. H.R. 10051 proposes to amend the National Flood nsurance Act of 1968 by permitting communities which are ,articipating in the flood insurance program to waive land se and management requirements with respect to any struc- ure without losing their eligibility for participating in he program. In order to do this, however, a community must otify the applicant for a building or development permit hat the property --is in a flood plain, --is recommended by a flood elevation study, if any, for construction at a given height or in other appropriate fashion, --is not eligible for flood insurance unless it meets flood plain management requirements, and --is not eligible for disaster relief in case of a flood unless it meets flood plain management requirements. n addition, the above information must be required by State r other law to be on the land title record of that property n a manner prescribed by the Secretary of Housing and Urban evelopment. Two objectives of the 1968 act were to (1) encourage tate and local governments to make appropriate land use djustments which would constrict the development of land F

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