The required floodplain management plan and necessary Rate Maps are developed.     Local taxes are increased to pay the necessary premium considerations.     A majority of residents vote to participate in the Federal NFIP program.

SWFT Comprehensive Vol 2020
43rd Edition
ISBN:9780357391723
Author:Maloney
Publisher:Maloney
Chapter12: Tax Credits And Payments
Section: Chapter Questions
Problem 2DQ
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The Browns live in a community that has recently become eligible for the National Flood Insurance Program (NFIP). A community that becomes eligible for NFIP participation is placed in the emergency program until
   
Current homeowner policies expire and they become eligible for the NFIP program.
   
The required floodplain management plan and necessary Rate Maps are developed.
   
Local taxes are increased to pay the necessary premium considerations.
   
A majority of residents vote to participate in the Federal NFIP program.
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