Current through Register Vol. 47, No. 6, September 18, 2024
(1) The board shall
prescribe the form of the application, instructions and associated documents.
Applications, instructions, programmatic guidance and forms are available
through the department and its Web site,www.homelandsecurity.iowa.gov
.
(2) A governmental entity shall
submit an application to the board for approval of a project plan prior to
January 1, 2016.
(3) The
application shall specify whether the governmental entity is requesting
financial assistance from the flood mitigation fund or approval for the use of
sales tax revenues. Applications for financial assistance from the flood
mitigation fund shall describe the type and amount of assistance requested.
Applications for the use of sales tax revenues shall state the amount of sales
tax revenues necessary for completion of the project and shall contain a report
from the Iowa department of revenue, as requested by the governmental entity,
that provides recent historical data on sales tax revenue and trends in sales
tax revenue growth.
(4) Each
application shall include or have attached to the application the governmental
entity's project plan adopted under Iowa Code section
4184(2).. The
application package shall include all of the following:
a. The project plan that includes:
(1) A detailed description of the project,
including all phases of construction or reconstruction included in the project,
maintenance plans for the completed project, the estimated cost of the project,
and the maximum amount of debt to be incurred for purposes of funding the
project; and
(2) A detailed
description of all anticipated funding sources for the project, including
information relating to either the proposed use of financial assistance from
the flood mitigation fund or the proposed use of sales tax increment
revenues.
b. A copy of
the application for federal funds and subsequent approval letter as specified
under Iowa Code section
4184(3)."b.
"
c. A detailed
budget.
d. A statement about
whether the project is designed to mitigate future flooding of existing
property and infrastructure that have sustained significant flood damage and
are likely to sustain significant flood damage in the future. Detailed
information on the existing property and infrastructure shall be
included.
e. A statement about
whether the project plan addresses the impact of flooding both upstream and
downstream from the area where the project is to be undertaken and whether the
project conforms to any applicable floodplain ordinance.
f. A statement about whether the area that
would benefit from the project's flood mitigation efforts is sufficiently
valuable to the economic viability of the state or is of sufficient historic
value to the state to justify the cost of the project.
g. A statement about the extent to which the
project would utilize local matching funds. The board shall not approve a
project unless at least 50 percent of the total cost of the project, less any
federal financial assistance for the project, is funded using local matching
funds, and unless the project will result in nonpublic investment in the
governmental entity's area, as defined in Iowa Code section
41811(3).,
of an amount equal to 50 percent of the total cost of the project. For purposes
of this paragraph, "nonpublic investment" means investment by nonpublic
entities consisting of capital investment or infrastructure improvements
occurring in anticipation of or as a result of the project during the period of
time between July 1, 2008, and ten years after the board approves the
project.
h. A statement about the
extent of nonfinancial support committed to the project from public and
nonpublic sources.
i. A statement
about whether the project is designed in coordination with other watershed
management measures adopted by the governmental entity or adopted by the
participating jurisdictions of the governmental entity, as
applicable.
j. A statement about
whether the project plan is consistent with the applicable comprehensive,
countywide emergency operations plan in effect and other applicable local
hazard mitigation plans.
k. A
statement about whether financial assistance through the flood mitigation
program is essential to meet the necessary expenses or serious needs of the
governmental entity related to flood mitigation.
l. Any other documents requested by the board
to assist the board in the consideration of the application.
m. If the governmental entity intends to
issue bonds in accordance with Iowa Code section
41814., the
governmental entity shall provide information from the proposed bonding company
as to the viability of the bond issuance.
