2005 Minnesota Statutes - 103F.165 — Flood insurance.

     103F.165 Flood insurance. 


    Subdivision 1.    Policy.  It is the policy of the state 
 that local governmental units subject to recurrent flooding 
 participate in the national flood insurance program, Public Law 
 90-448, and amendatory and supplementary acts, so that 
 the people of the state may have the opportunity to indemnify 
 themselves from future flood losses through the purchase of the 
 insurance.  


    Subd. 2.    List of recurrent flooding areas.  The 
 commissioner shall prepare a list of local governmental units 
 having areas subject to recurrent flooding and shall notify each 
 local governmental unit included on the list of the findings.  
 If a local governmental unit objects to the commissioner's 
 findings, it shall submit evidence supporting its objections 
 within 45 days after receiving the commissioner's notification.  
 The commissioner shall accept or reject the findings of each 
 local governmental unit submitting evidence, shall prepare an 
 amended list of local governmental units having areas subject to 
 recurrent flooding, and shall notify each local governmental 
 unit of its inclusion on the amended list.  


    Subd. 3.    Application for flood insurance.  Within 120 
 days after receiving notice of inclusion on the amended list, 
 each local governmental unit shall apply for participation in 
 the national flood insurance program in the manner prescribed by 
 federal laws and regulations.  


    HIST: 1990 c 391 art 6 s 15