,,ii #aae? ,,congress #b;d ,session ,s4 #bghc ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,april #bf1 #bjah ,mr4 ,nelson introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,comm]ce1 ,sci5ce1 & ,transportation ,a ,,bill ,to improve ! resili5ce ( ! built & natural environm5t to natural disa/]s & climate *ange us+1 among o!r measures1 natural & nature-bas$ features1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,coa/al ,communities ,adaptation ,act4 #b4 ,def9itions ,9 ?is ,act3 7#a7 ,adm9i/rator ,! t]m ,adm9i/rator means ! ,adm9i/rator ( ! ,national ,oceanic & ,atmosph]ic ,adm9i/ration4 7#b7 ,coa/al ,/ate 7,a7 ,9 g5]al ,! t]m coa/al ,/ate means a ,/ate ( ! ,unit$ ,/ates 91 or bord]+ on1 ! ,atlantic1 ,pacific1 or ,arctic ,ocean1 ! ,gulf ( ,mexico1 ! ,long ,isl& ,s\nd1 or "o or m ( ! ,great ,lakes4 7,b7 ,inclusions ,! t]m coa/al ,/ate includes ! ,di/rict ( ,columbia1 ,pu]to ,rico1 ! ,virg9 ,isl&s1 ,guam1 ! ,commonweal? ( ! ,nor!rn ,m>iana ,isl&s1 ! ,tru/ ,t]ritories ( ! ,pacific ,isl&s1 & ,am]ican ,samoa4 7#c7 ,natural feature ,! t]m natural feature means a feature t is creat$ ?r\gh ! action ( physical1 geological1 biological1 & *emical processes ov] "t4 7#d7 ,nature-bas$ feature ,! t]m nature-bas$ feature means a feature t is creat$ by human design1 eng9e]+1 & con/ruction to provide risk r$uction 9 coa/al areas by act+ 9 conc]t ) natural processes4 7#e7 ,non/ructural measure ,! t]m non/ructural measure means an action1 includ+ a modification 9 public policy1 managem5t practice1 regulation1 or pric+ policy1 t r$uces h>mful consequ5ces ( flood+1 b does n create a /ructural b>ri] to floodwat]s4 7#f7 ,secret>y ,! t]m ,secret>y means ! ,secret>y ( ,comm]ce4 #c4 ,rese>* & grants to improve resili5ce ( built environm5t 7a7 ,def9ition ( w9d/orm ,section #bjc7e7 ( ! ,national ,w9d/orm ,impact ,r$uction ,act ( #bjjd 7#db ,u4,s4,c4 #aegjb7e77 is am5d$ to read z foll[s3 7#e7 ,w9d/orm 7,a7 ,9 g5]al ,! t]m w9d/orm means any /orm ) a damag+ or de/ructive w9d compon5t4 7,b7 ,inclusions ,! t]m w9d/orm includes-- 7i7 a hurricane2 7ii7 a tropical /orm2 7iii7 a nor!a/]2 7iv7 a tornado2 7v7 a ?und]/orm2 & 7vi7 any wat] induc$ =ces f waves1 flood1 /orm surge1 or ra9fall relat$ to a /orm describ$ 9 clauses 7i7 ?r\gh 7v74 4 7b7 ,national ,in/itute ( ,/&>ds & ,te*nology ,section #bjd7;b7 ( ! ,national ,w9d/orm ,impact ,r$uction ,act ( #bjjd 7#db ,u4,s4,c4 #aegjc7;b77 is am5d$-- 7#a7 9 p>agraph 7#a77;,a71 by /rik+ build+s & ins]t+ build+s1 /ructures12 & 7#b7 by am5d+ p>agraph 7#b7 to read z foll[s3 7#b7 ,national ,in/itute ( ,/&>ds & ,te*nology ,9 addition to ! lead ag5cy responsibilities describ$ "u p>agraph 7#a71 ! ,director ( ! ,national ,in/itute ( ,/&>ds & ,te*nology %all-- 7,a7 c>ry out rese>* & developm5t to improve ! resili5ce & responsiv5ess ( build+s1 /ructures1 & lifel9es to w9d/orms1 includ+ by recomm5d+ = ! design1 con/ruction1 & retr(it ( build+s1 /ructures1 & lifel9es-- 7i7 model build+ codes2 7ii7 volunt>y design /&>ds2 & 7iii7 be/ practices2 7,b7 aw>d grants on a competitive basis = rese>* & developm5t = ! purpose describ$ 9 subp>agraph 7,a72 7,c7 9 coord9ation ) o!r relevant public & private entities1 provide ! be/-available1 =w>d-look+ rese>* & guidance relat$ to w9d/orms & o!r climate *ange or extreme wea!r to /&>ds develop+ organizations = _! consid]ation 9 ! developm5t ( design /&>ds & build+ codes2 & 7,d7 conduct public outrea* & education & tra9+ programs relat$ to ?is *apt] = design & con/ruction pr(essionals4 4 7c7 ,national ,sci5ce ,f\ndation ,section #bjd7;b77#c7 ( ! ,national ,w9d/orm ,impact ,r$uction ,act ( #bjjd 7#db ,u4,s4,c4 #aegjc7;b77#c77 is am5d$ to read z foll[s3 7#c7 ,national ,sci5ce ,f\ndation ,! ,director ( ! ,national ,sci5ce ,f\ndation1 9 coord9ation ) ! heads ( o!r ,f$]al ag5cies conduct+ relat$ activities1 %all support rese>*1 includ+ multidiscipl9>y rese>*-- 7,a7 9 eng9e]+ & ! atmosph]ic sci5ces to improve ! und]/&+ ( ! behavior ( w9d/orms & _! impact on build+s1 /ructures1 & lifel9es2 7,b7 9 economic & social factors influ5c+ w9d/orm risk r$uction measures2 7,c7 to improve ! resili5ce ( build+s1 /ructures1 & lifel9es to w9d/orms2 & 7,d7 to improve ! responsiv5ess ( build+s1 /ructures1 & lifel9es aft] a w9d/orm4 4 7d7 ,dep>tm5t ( ,h\s+ & ,urban ,developm5t ,section #bjd7;b7 ( ! ,national ,w9d/orm ,impact ,r$uction ,act ( #bjjd 7#db ,u4,s4,c4 #aegjc7;b77 is am5d$ by add+ at ! end ! foll[+3 7#f7 ,dep>tm5t ( ,h\s+ & ,urban ,developm5t ,! ,secret>y ( ! ,dep>tm5t ( ,h\s+ & ,urban ,developm5t %all promote ! adoption ( w9d/orm prep>$ness & mitigation measures = manufactur$ ,,hud code h\s+ units4 4 7e7 ,int]ag5cy ,coord9at+ ,committee on ,w9d/orm ,impact ,r$uction ,section #bjd7;e77#b77;,a7 ( ! ,national ,w9d/orm ,impact ,r$uction ,act ( #bjjd 7#db ,u4,s4,c4 #aegjc7;e77#b77;,a77 is am5d$-- 7#a7 9 clause 7iv71 by /rik+ 2 & & ins]t+ a semicolon2 & 7#b7 by add+ at ! end ! foll[+3 7vi7 ! ,dep>tm5t ( ,h\s+ & ,urban ,developm5t2 & 4 #d4 ,built ,to ,la/ ,/amp 7a7 ,9 g5]al ,9 ord] to af=d ! public a direct & tangible way to contribute to fund+ = %orel9e risk & climate *ange adaptation1 ! ,unit$ ,/ates ,po/al ,s]vice %all issue a semipo/al 7ref]r$ to 9 ?is section z ! ,built to ,la/ ,/amp7 9 accordance ) subsection 7b74 7b7 ,requirem5ts ,! provisions ( section #daf ( title #ci1 ,unit$ ,/ates ,code1 %all apply z practicable ) respect to ! ,built to ,la/ ,/amp1 subject to ! foll[+3 7#a7 ,design ,! ,built to ,la/ ,/amp %all depict su* design z ! ,po/al ,s]vice1 9 consultation ) ! ,secret>y1 consid]s appropriate4 7#b7 ,disposition ( proce$s ,subject to subsection 7d77#c7 ( t section1 ! am\nts becom+ available f ! sale ( ! ,built to ,la/ ,/amp %all be deposit$ 9 ! ,built to ,la/ ,/amp ,fund "u subsection 7c7 ( ?is section4 7c7 ,built to ,la/ ,/amp ,fund 7#a7 ,e/abli%m5t ,!re is e/abli%$ 9 ! ,treasury ( ! ,unit$ ,/ates a fund1 to be kn[n z ! ,built to ,la/ ,/amp ,fund4 7#b7 ,assets ,! ,built to ,la/ ,/amp ,fund %all consi/ ( ! foll[+3 7,a7 ,am\nts deposit$ "u subsection 7b77#b74 7,b7 ,su* am\nts z are appropriat$ or o!rwise made available to ! fund4 7#c7 ,availability ,am\nts 9 ! ,built to ,la/ ,/amp ,fund %all rema9 available to ! ,secret>y to c>ry out sections #e & #f ( ?is ,act until exp5d$4 #e4 ,prize competitions 7a7 ,9 g5]al ,! ,secret>y may c>ry out a program to aw>d prizes competitively "u section #bd ( ! ,/ev5son-,wydl] ,te*nology ,innovation ,act ( #aihj 7#ae ,u4,s4,c4 #cgai71 = ! purpose describ$ 9 subsection 7b74 7b7 ,purpose ,! purpose describ$ 9 ?is subsection is to /imulate innovation to advance coa/al risk r$uction & resili5ce measures z foll[s3 7#a7 ,natural features1 includ+ dunes1 reefs1 & wetl&s4 7#b7 ,nature-bas$ features1 includ+ bea* n\ri%m5t1 dune re/oration1 wetl& & o!r coa/al habitat re/oration1 & liv+ %orel9e con/ruction4 7#c7 ,non/ructural measures1 includ+ flood pro(+ ( /ructures1 flood w>n+ sy/ems1 & elevat$ developm5t4 #f4 ,catalog ( rese>* on applicable coa/al risk r$uction & resili5ce measures 7a7 ,9 g5]al ,n lat] ?an #a ye> aft] ! date ( enactm5t ( ?is ,act1 ! ,secret>y1 act+ ?r\gh ! ,adm9i/rator1 %all-- 7#a7 id5tify all ,dep>tm5t ( ,comm]ce rese>* activities reg>d+ applicable coa/al risk r$uction & resili5ce measures2 7#b7 consult ) ! heads ( o!r ,f$]al ag5cies to id5tify :at activities1 if any1 ^? ,f$]al ag5cies are conduct+ reg>d+ applicable coa/al risk r$uction & resili5ce measures2 7#c7 evaluate ! effectiv5ess ( ! activities id5tifi$ "u p>agraphs 7#a7 & 7#b72 & 7#d7 appo9t "o or m (fic]s or employees ( ! ,national ,oceanic & ,atmosph]ic ,adm9i/ration to liaise ) non-,f$]al entities conduct+ rese>* relat$ to applicable coa/al risk r$uction & resili5ce measures 9 ord] to elim9ate r$undancies1 coop]ate = common climate rese>* goals1 & to make rese>* f9d+s readily available to ! public4 7b7 ,def9ition ( applicable coa/al risk r$uction & resili5ce measures ,9 ?is section1 ! t]m applicable coa/al risk r$uction & resili5ce measures means natural features1 nature-bas$ features1 or non/ructural measures4 #g4 ,grants to coa/al ,/ates = e/abli%m5t ( revolv+ funds 7a7 ,capitalization grants 7#a7 ,9 g5]al ,! ,secret>y1 act+ ?r\gh ! ,adm9i/rator1 %all aw>d capitalization grants to ea* coa/al ,/ate = ! purpose ( e/abli%+ a community resili5ce revolv+ fund "u subsection 7b7 to c>ry out ! activities describ$ 9 p>agraph 7#c7 ( t subsection4 7#b7 ,s*$ule ( grant paym5ts ,! ,adm9i/rator %all pay to ! coa/al ,/ate ! am\nt ( ea* grant to be made to ! coa/al ,/ate "u p>agraph 7#a7 9 qu>t]ly in/allm5ts4 7#c7 ,agreem5ts ,to receive a capitalization grant "u p>agraph 7#a71 a coa/al ,/ate %all ent] into an agreem5t ) ! ,adm9i/rator t-- 7,a7 ! coa/al ,/ate w accept grant paym5ts ) funds to be made available "u p>agraph 7#a7 & w deposit all su* paym5ts 9 ! community resili5ce revolv+ fund e/abli%$ by ! coa/al ,/ate "u subsection 7b72 7,b7 ! coa/al ,/ate w deposit 9 ! fund f ,/ate moneys an am\nt equal to at lea/ #bj p]c5t ( ! total am\nt ( all capitalization grants :i* w be made to ! coa/al ,/ate ) funds to be made available "u ?is section on or be=e ! date on :i* ea* qu>t]ly grant paym5t w be made to ! coa/al ,/ate "u ?is p>agraph 7#b7 ( ?is subsection2 7,c7 ! coa/al ,/ate w ent] into b9d+ commitm5ts to provide assi/ance 9 accordance ) ! requirem5ts ( ?is section 9 an am\nt equal to #abj p]c5t ( ! am\nt ( ea* su* grant paym5t n lat] ?an #a ye> aft] ! date ( receipt ( su* grant paym5t2 7,d7 all funds 9 ! community resili5ce revolv+ fund e/abli%$ by ! coa/al ,/ate w be exp5d$ 9 an exp$iti\s & timely mann]2 7,e7 9 addition to comply+ ) ! requirem5ts ( ?is section1 ! coa/al ,/ate w commit or exp5d ea* qu>t]ly grant paym5t :i* x w receive "u ?is subsection 9 accordance ) laws & proc$ures applicable to ! commitm5t or exp5diture ( rev5ues ( ! coa/al ,/ate2 7,f7 ! coa/al ,/ate w use acc\nt+1 audit1 & fiscal proc$ures con=m+ to g5]ally accept$ gov]nm5t acc\nt+ /&>ds2 7,g7 ! coa/al ,/ate w require z a condition ( mak+ a loan or provid+ o!r assi/ance f ! community resili5ce revolv+ fund e/abli%$ by ! coa/al ,/ate t ! recipi5t ( su* assi/ance w ma9ta9 project acc\nts 9 accordance ) g5]ally accept$ gov]nm5t acc\nt+ /&>ds1 includ+ /&>ds relat+ to ! report+ ( infra/ructure assets2 7,h7 ! coa/al ,/ate w make annual reports to ! ,adm9i/rator on ! actual use ( funds2 7,i7 ! coa/al ,/ate w e/abli%1 ma9ta91 inve/1 & cr$it ! community resili5ce revolv+ fund e/abli%$ by ! coa/al ,/ate ) repaym5ts1 su* t ! fund balance w be available 9 p]petuity = activities "u ?is section2 7,j7 any fees *>g$ by ! coa/al ,/ate to recipi5ts ( assi/ance t are consid]$ program income w be us$ = ! purpose ( f9anc+ ! co/ ( adm9i/]+ ! community resili5ce revolv+ fund e/abli%$ by ! coa/al ,/ate or f9anc+ projects or activities eligible = assi/ance f ! community resili5ce revolv+ fund2 7,k7 ! coa/al ,/ate w require z a condition ( provid+ assi/ance to a municipality or int]municipal1 int]/ate1 or ,/ate ag5cy t ! recipi5t ( su* assi/ance c]tify1 9 a mann] det]m9$ by ! ,gov]nor ( ! coa/al ,/ate1 t ! recipi5t has /udi$ & evaluat$ ! su/a9ability ( ! processes1 mat]ials1 te*niques1 & te*nologies = c>ry+ out ! propos$ project or activity = :i* assi/ance is s\ght "u ?is section2 & 7,l7 a contract to be c>ri$ out us+ funds directly made available by a capitalization grant "u ?is section = program managem5t1 con/ruction managem5t1 feasibility /udies1 prelim9>y eng9e]+1 design1 eng9e]+1 survey+1 mapp+1 or ar*itectural relat$ s]vices %all be negotiat$ 9 ! same mann] z a contract = ar*itectural & eng9e]+ s]vices is negotiat$ "u *apt] #aa ( title #dj1 ,unit$ ,/ates ,code1 or an equival5t ,/ate qualifications-bas$ requirem5t 7z det]m9$ by ! ,gov]nor ( ! coa/al ,/ate74 7b7 ,community resili5ce revolv+ funds 7#a7 ,e/abli%m5t ,be=e a coa/al ,/ate may receive a capitalization grant ) funds made available "u subsection 7a77#a71 ! coa/al ,/ate %all fir/ e/abli% a community resili5ce revolv+ fund :i* complies ) ! requirem5ts ( ?is section4 7#b7 ,adm9i/ration ,ea* coa/al ,/ate community resili5ce revolv+ fund %all be adm9i/]$ by an in/rum5tality ( ! coa/al ,/ate ) su* p[]s & limitations z may be requir$ to op]ate su* fund 9 accordance ) ! requirem5ts & objectives ( ?is section4 7#c7 ,use ( funds ,! am\nts ( funds available to ea* coa/al ,/ate community resili5ce revolv+ fund %all be us$ only = provid+ f9ancial assi/ance to any municipality or int]municipal1 int]/ate1 or ,/ate ag5cy-- 7,a7 = ! completion ( a vuln]ability assessm5t2 7,b7 = ! protection ( natural flood risk mitigation features1 includ+ l& acquisition f will+ sell]s2 7,c7 = ! con/ruction ( natural features or nature-bas$ features1 includ+ bea* n\ri%m5t & dune re/oration2 7,d7 = ! implem5tation ( a regional s$im5t managem5t program2 7,e7 = ! developm5t & implem5tation ( a %orel9e cons]vation & managem5t plan2 7,f7 = ! re/oration1 repair1 or replacem5t ( wetl&s & liv+ %orel9es2 7,g7 = o!r measures to prev5t1 manage1 mitigate1 or adapt to %orel9e erosion1 saltwat] intrusion1 nuisance flood+1 sea level rise1 & o!r coa/al haz>ds relat$ to climate *ange2 7,h7 to c>ry out non/ructural measures to mitigate flood risk2 & 7,i7 to plan1 develop1 & obta9 f9anc+ = eligible projects "u ?is subsection1 includ+ plann+1 design1 & associat$ precon/ruction activities4 7#d7 ,issuance ( loans ,except z o!rwise limit$ by ,/ate law1 a community resili5ce revolv+ fund ( a coa/al ,/ate "u ?is section may be us$ only-- 7,a7 to make loans1 on ! condition t-- 7i7 su* loans are made at or bel[ m>ket int]e/ rates1 includ+ int]e/ free loans1 at t]ms n to exce$ ! less] ( #cj ye>s & ! project$ useful life 7z det]m9$ by ! coa/al ,/ate7 ( ! project to be f9anc$ ) ! proce$s ( ! loan2 7ii7 annual pr9cipal & int]e/ paym5ts w comm5ce n lat] ?an #a ye> aft] ! date ( completion ( any project & all loans w be fully amortiz$ ^u ! expiration ( ! t]m ( ! loan2 7iii7 ! recipi5t ( a loan w e/abli% a d$icat$ s\rce ( rev5ue = repaym5t ( loans2 & 7iv7 ! fund w be cr$it$ ) all paym5ts ( pr9cipal & int]e/ on all loans2 7,b7 to buy or ref9ance ! debt obligation ( municipalities & int]municipal & int]/ate ag5cies )9 ! coa/al ,/ate at or bel[ m>ket rates1 :]e su* debt obligations 7 incurr$ aft] ,janu>y #a1 #bjac2 7,c7 to gu>antee1 or pur*ase insurance =1 local obligations :]e su* action w\ld improve cr$it m>ket access or r$uce int]e/ rates2 7,d7 z a s\rce ( rev5ue or security = ! paym5t ( pr9cipal & int]e/ on rev5ue or g5]al obligation bonds issu$ by ! coa/al ,/ate if ! proce$s ( ! sale ( su* bonds w be deposit$ 9 ! community resili5ce revolv+ fund2 7,e7 to provide loan gu>antees = simil> revolv+ funds e/abli%$ by municipalities or int]municipal ag5cies2 7,f7 to e>n int]e/ on community resili5ce revolv+ fund acc\nts2 & 7,g7 = ! reasonable co/s ( adm9i/]+ ! community resili5ce revolv+ fund & conduct+ activities "u ?is section1 except t su* am\nts %all n exce$ #c p]c5t ( all grant aw>ds to su* fund "u ?is section1 plus ! am\nt ( any fees collect$ by ! coa/al ,/ate = su* purpose reg>dless ( ! s\rce4 7#e7 ,subsidization 7,a7 ,9 g5]al ,9 any case 9 :i* a coa/al ,/ate provides assi/ance to a municipality or int]municipal1 int]/ate1 or ,/ate ag5cy1 ! coa/al ,/ate may provide additional subsidization1 includ+ =giv5ess ( pr9cipal & negative int]e/ loans-- 7i7 to b5efit a municipality or int]municipal ag5cy t-- 7,i7 meets ! af=dability crit]ia ( ! coa/al ,/ate e/abli%$ "u subp>agraph 7,b72 or 7,,ii7 does n meet ! af=dability crit]ia ( ! coa/al ,/ate if ! recipi5t-- 7aa7 seeks additional subsidization to b5efit individual ratepay]s 9 ! resid5tial us] rate class2 7bb7 demon/rates to ! coa/al ,/ate t su* ratepay]s w exp]i5ce a significant h>d%ip f ! increase 9 rates necess>y to f9ance ! project or activity = :i* assi/ance is s\ght2 & 7cc7 ensures1 z "p ( an assi/ance agreem5t betwe5 ! coa/al ,/ate & ! recipi5t1 t ! additional subsidization provid$ "u ?is p>agraph is direct$ ?r\gh a us] *>ge rate sy/em 7or o!r appropriate me?od7 to su* ratepay]s2 or 7ii7 to implem5t a process1 mat]ial1 te*nique1 or te*nology-- 7,i7 to address resili5ce goals2 or 7,,ii7 to enc\rage su/a9able project plann+1 design1 & con/ruction4 7,b7 ,af=dability crit]ia 7i7 ,9 g5]al ,n lat] ?an ,janu>y #a1 #bjbj1 & aft] provid+ notice & an opportunity = public comm5t1 a coa/al ,/ate %all e/abli% af=dability crit]ia to assi/ 9 id5tify+ municipalities t w\ld exp]i5ce a significant h>d%ip rais+ ! rev5ue necess>y to f9ance a project or activity eligible = assi/ance "u p>agraph 7#c7 if additional subsidization is n provid$4 7ii7 ,basis ( crit]ia ,! crit]ia "u clause 7i7 %all be bas$ on income & unemploym5t data1 population tr5ds1 & o!r data det]m9$ relevant by ! coa/al ,/ate1 includ+ :e!r ! project or activity is to be c>ri$ out 9 an economically di/ress$ area1 z describ$ 9 section #cja ( ! ,public ,works & ,economic ,developm5t ,act ( #aife 7#db ,u4,s4,c4 #cafa74 7,c7 ,additional subsidization 7i7 ,9 g5]al ,a coa/al ,/ate may provide additional subsidization 9 a fiscal ye> "u ?is p>agraph only if ! total am\nt appropriat$ = mak+ capitalization grants to all coa/al ,/ates "u ?is section = ! fiscal ye> exce$s #ejj1jjj1jjj4 7ii7 ,limitation ,except z provid$ 9 clause 7iii71 a coa/al ,/ate may use n m ?an #cj p]c5t ( ! total am\nt receiv$ by ! coa/al ,/ate 9 capitalization grants "u subsection 7b7 = a fiscal ye> = provid+ additional subsidization "u ?is p>agraph4 7iii7 ,exception ,if1 9 a fiscal ye>1 ! am\nt appropriat$ = mak+ capitalization grants to all coa/al ,/ates "u ?is section exce$s #ejj1jjj1jjj by a p]c5tage t is less ?an #cj p]c5t1 clause 7ii7 %all be appli$ by sub/itut+ t p]c5tage = #cj p]c5t4 7c7 ,compliance 7#a7 ,9 g5]al ,if ! ,adm9i/rator det]m9es t a coa/al ,/ate has n compli$ ) its agreem5t ) ! ,adm9i/rator "u subsection 7a77#c7 or any o!r requirem5t ( ?is section1 ! ,adm9i/rator %all notify ! coa/al ,/ate ( su* noncompliance & ! necess>y corrective action4 7#b7 ,)hold+ paym5ts ,if a coa/al ,/ate does n take corrective action )9 #fj days aft] ! date ! coa/al ,/ate receives notification ( su* action "u p>agraph 7#a71 ! ,adm9i/rator %all )hold additional paym5ts to ! coa/al ,/ate until ! ,adm9i/rator is satisfi$ t ! coa/al ,/ate has tak5 ! necess>y corrective action4 7#c7 ,reallotm5t ( paym5ts ,if ! ,adm9i/rator is n satisfi$ t adequate corrective actions h be5 tak5 by ! coa/al ,/ate n lat] ?an #ab mon?s aft] ! coa/al ,/ate is notifi$ ( su* actions "u p>agraph 7#a71 ! paym5ts )held f ! coa/al ,/ate by ! ,adm9i/rator "u p>agraph 7#b7 %all be made available = reallotm5t 9 accordance ) ! mo/ rec5t =mula = allotm5t ( funds "u ?is section4 7d7 ,fiscal control & audit+ proc$ures ,ea* coa/al ,/ate elect+ to e/abli% a community resili5ce revolv+ fund "u ?is section %all e/abli% fiscal controls & acc\nt+ proc$ures suffici5t to assure prop] acc\nt+ dur+ appropriate acc\nt+ p]iods =-- 7#a7 paym5ts receiv$ by ! fund2 7#b7 disbursem5ts made by ! fund2 & 7#c7 fund balances at ! beg9n+ & end ( ! acc\nt+ p]iod4 7e7 ,annual ,f$]al audits ,n less frequ5tly ?an once ea* ye>1 ! ,adm9i/rator %all conduct or require ea* coa/al ,/ate to h indep5d5tly conduct$ reviews & audits z may be deem$ necess>y or appropriate by ! ,adm9i/rator to c>ry out ! objectives ( ?is section4 ,audits ( ! use ( funds deposit$ 9 ! community resili5ce revolv+ fund e/abli%$ by su* coa/al ,/ate %all be conduct$ 9 accordance ) ! audit+ proc$ures ( ! ,gov]nm5t ,acc\ntability ,(fice1 includ+ *apt] #ge ( title #ca1 ,unit$ ,/ates ,code4 7f7 ,int5d$ use plan ,aft] provid+ = public comm5t & review1 ea* coa/al ,/ate %all annually prep>e a plan id5tify+ ! int5d$ uses ( ! am\nts available to its community resili5ce revolv+ fund4 ,su* int5d$ use plan %all include-- 7#a7 a li/ ( ^? projects = con/ruction2 7#b7 a description ( ! %ort- & long-t]m goals & objectives ( its community resili5ce revolv+ fund2 7#c7 in=mation on ! activities to be support$1 t]ms ( f9ancial assi/ance1 & communities s]v$2 & 7#d7 ! crit]ia & me?od e/abli%$ = ! di/ribution ( funds4 7g7 ,annual report ,beg9n+ ! fir/ fiscal ye> aft] ! receipt ( paym5ts "u ?is section & n less frequ5tly ?an once ea* fiscal ye> !reaft]1 ea* coa/al ,/ate %all provide a report to ! ,adm9i/rator describ+ h[ ! coa/al ,/ate has met ! goals & objectives = ! previ\s fiscal ye> z id5tifi$ 9 ! plan prep>$ = ! previ\s fiscal ye> pursuant to subsection 7f74 7h7 ,annual ,f$]al ov]sight review 7#a7 ,9 g5]al ,n less frequ5tly ?an once ea* ye>1 ! ,adm9i/rator %all conduct an ov]sight review ( ea* coa/al ,/ate plan prep>$ "u subsection 7f71 ea* coa/al ,/ate report prep>$ "u subsection 7g71 & o!r su* mat]ials z are consid]$ necess>y & appropriate 9 c>ry+ out ! purposes ( ?is section4 7#b7 ,availability ( records ,aft] reasonable notice by ! ,adm9i/rator to ! coa/al ,/ate or ! recipi5t ( a loan f a community resili5ce revolv+ fund1 ! coa/al ,/ate or loan recipi5t %all make available to ! ,adm9i/rator su* records z ! ,adm9i/rator reasonably requires to review & det]m9e compliance ) ?is section4