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.

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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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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