transportation needs. To comply with section 582 of the National Flood Insurance Reform Act (NFIRA) of 1994, all individuals who live in a Special Flood Hazard Area and who receive an IFG grant for any flood damage to real and/or personal property must have flood insurance and maintain coverage at the maximum IFG award level to become eligible to receive IFG assistance for real and/or personal property losses due to flooding in subsequent disasters. This means that the award recipient must maintain coverage for as long as she/he lives at that damaged property address; and IFG award recipients who own dwellings damaged by flooding after September 23, 1994--the date NFIRA was enacted--must ensure that dwelling coverage is maintained at the maximum IFG grant award amount forever. On May 1, 1996, FEMA established a Group Flood Insurance Policy in which States could purchase 3-year certificates of flood insurance coverage for IFG award recipients who live in special flood hazard areas to assist them in complying with the NFIRA requirements. The cost of each certificate is $200 and the coverage amount equals the maximum IFG grant award amount for that respective fiscal year. Award Procedure: The 75 percent Federal share of funds is allocated from the President's Disaster Relief Fund for use in a designated major disaster area. The State must provide the 25 percent share of funds. Applicants receive assistance directly from the State.
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