,,ii #aaf? ,,congress #b;d ,session ,s4 #dgfd ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,septemb] #cj 7legislative day1 ,septemb] #bi71 #bjbj,mr4 ,tillis introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ,a ,,bill ,to require ! ,secret>y ( ,h\s+ & ,urban ,developm5t to e/abli% a pilot program = public-private p>tn]%ips = disa/] mitigation projects1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,/rategic ,acquisition & ,floodpla9 ,effici5cy ,re=m ,act or ! ,,saf] ,act4 #b4 ,def9itions ,9 ?is ,act3 7#a7 ,dep>tm5t ,! t]m ,dep>tm5t means ! ,dep>tm5t ( ,h\s+ & ,urban ,developm5t4 7#b7 ,eligible entity ,! t]m eligible entity means a private entity ) ! cons5t ( ! local gov]nm5t-- 7,a7 9 :i* a project to be c>ri$ out by ! entity "u ! ,program is locat$2 or 7,b7 t is o!rwise affect$ by a project to be c>ri$ out by ! entity "u ! ,program4 7#c7 ,program ,! t]m ,program means ! pilot program e/abli%$ "u section #c4 7#d7 ,secret>y ,! t]m ,secret>y means ! ,secret>y ( ,h\s+ & ,urban ,developm5t4 #c4 ,pilot program 7a7 ,9 g5]al ,! ,secret>y %all e/abli% a pilot program to evaluate ! co/ effectiv5ess & project deliv]y effici5cy ( all[+ eligible entities to c>ry out pre-disa/] mitigation activities1 su* z prop]ty acquisition & relocations1 "u ! ,community ,developm5t ,block ,grant ,disa/] ,recov]y program au?oriz$ "u title ,i ( ! ,h\s+ & ,community ,developm5t ,act ( #aigd 7#db ,u4,s4,c4 #ecja et seq474 7b7 ,purposes ,! purposes ( ! ,program are-- 7#a7 to id5tify co/-sav+ project deliv]y alt]natives t accel]ate ! pre-disa/] mitigation activities ( ! ,dep>tm5t ?r\gh ! ,community ,developm5t ,block ,grant ,disa/] ,recov]y program au?oriz$ "u title ,i ( ! ,h\s+ & ,community ,developm5t ,act ( #aigd 7#db ,u4,s4,c4 #ecja et seq472 & 7#b7 to evaluate ! te*nical1 f9ancial1 & organizational b5efits ( all[+ eligible entities to c>ry out & manage pre-disa/] mitigation projects4 7c7 ,subsequ5t appropriations ,any activity und]tak5 "u ! ,program is au?oriz$ only to ! ext5t specifically provid$ = 9 subsequ5t appropriations ,acts4 7d7 ,adm9i/ration ,9 c>ry+ out ! ,program1 ! ,secret>y %all-- 7#a7 id5tify = inclusion 9 ! ,program n few] ?an #e pre-disa/] mitigation projects2 7#b7 9 consultation ) ! eligible entity associat$ ) ea* project id5tifi$ "u p>agraph 7#a71 develop a detail$ project managem5t plan = ! project t outl9es ! scope1 e/imat$ ,f$]al direct & indirect co/ e/imates1 f9anc+1 budget1 & o!r res\rce requirem5ts1 includ+ any data ! eligible entity deems necess>y to execute ! project2 7#c7 at ! reque/ ( ! eligible entity associat$ ) ea* project id5tifi$ "u p>agraph 7#a71 ent] into a project p>tn]%ip agreem5t ) ! eligible entity "u :i* ! eligible entity is provid$ full project managem5t control = ! f9anc+ & execution 7or any comb9ation !re(7 ( ! project1 9 accordance ) plans approv$ by ! ,secret>y2 7#d7 foll[+ execution ( a project p>tn]%ip agreem5t "u p>agraph 7#c71 issue paym5t1 9 accordance ) subsection 7h71 to ! relevant eligible entity = t "w2 & 7#e7 regul>ly monitor & audit ea* project c>ri$ out "u ! ,program to ensure t-- 7,a7 all activities relat$ to ! project are c>ri$ out 9 compliance ) plans approv$ by ! ,secret>y2 & 7,b7 activity deliv]y co/s are reasonable4 7e7 ,selection crit]ia ,9 id5tify+ projects "u subsection 7d77#a71 ! ,secret>y %all consid] ! ext5t to :i* ! project-- 7#a7 r$uces future damages f natural disa/]s su* z hurricanes & extraord9>y ra9fall ev5ts2 7#b7 r$uces ! numb] ( sev]e repetitive loss & repetitive loss prop]ties2 7#c7 r$uces risk to life & prop]ty2 7#d7 provides opportunities to re/ore lo/ functions & values ( floodpla9s2 7#e7 promotes opportunities to improve social & environm5tal ju/ice2 & 7#f7 accel]ates prop]ty acquisitions & relocations to r$uce future risk4 7f7 ,detail$ project s*$ule ,n lat] ?an #ahj days aft] ent]+ into a project p>tn]%ip agreem5t "u subsection 7d77#c71 an eligible entity1 to ! maximum ext5t practicable1 %all submit to ! ,secret>y a detail$ project s*$ule = ! relevant project1 bas$ on e/imat$ ,f$]al fund+ levels1 t specifies deadl9es = ea* mile/one ) respect to ! project1 includ+-- 7#a7 negotiation ( buy\t contracts2 & 7#b7 ! acquisition ( contract$ buy\t prop]ties1 result+ 9 ! fee simple transf] ( title to ! ,/ate 9 :i* ! project is c>ri$ out or a designee ( ! ,/ate4 7g7 ,s\rce ( funds ,foll[+ execution ( a project p>tn]%ip agreem5t "u subsection 7d77#c71 & subject to mile/ones e/abli%$ 9 t agreem5t1 paym5ts to eligible entities may be made f-- 7#a7 am\nts appropriat$ 9 response to a major disa/] decl>ation "u section #dja ( ! ,rob]t ,t4 ,/af=d ,disa/] ,relief & ,em]g5cy ,assi/ance ,act 7#db ,u4,s4,c4 #eagj72 & 7#b7 o!r am\nts appropriat$ to ! ,secret>y1 subject to ! condition t ! total am\nt transf]r$ to ! eligible entity may n exce$ ! e/imate ( ! ,f$]al co/ ( ! pre-disa/] mitigation project4 7h7 ,paym5t 7#a7 ,9 g5]al ,^u meet+ ! mile/ones e/abli%$ 9 ! project p>tn]%ip agreem5t ) an eligible entity "u subsection 7d77#c71 paym5t to ! eligible entity %all be made to cov] docum5t$-- 7,a7 adm9i/rative co/s2 7,b7 op]ational co/s2 7,c7 o!r relat$ direct co/s1 includ+ acquisition buy\t contract+ co/s2 & 7,d7 o!r relat$ indirect co/s1 includ+ debt exp5ses4 7#b7 ,escr[ acc\nt ,^u initiation ( acquisition buy\t clos+s1 ! ,secret>y %all fund a project-specific escr[ acc\nt adm9i/]$ by ! eligible entity to pur*ase contract$ acquisition buy\ts4 7i7 ,sav+s ,^u completion ( a project "u ! ,program by an eligible entity1 if any sav+s bas$ on ! e/imat$ ,f$]al direct & indirect co/ e/imates are realiz$ by ! p>ticipation ( ! eligible entity1 ! sav+s %all be equally divid$ betwe5-- 7#a7 ! ,secret>y2 & 7#b7 ! eligible entity z a return on inve/m5t4 7j7 ,id5tification ( imp$im5ts 7#a7 ,9 g5]al ,! ,secret>y %all-- 7,a7 except z provid$ 9 p>agraph 7#b71 id5tify any proc$ural requirem5ts "u ! au?ority ( ! ,secret>y t imp$e great] use ( public-private p>tn]%ips & private inve/m5t 9 pre-disa/] mitigation projects2 7,b7 develop & implem5t1 on a project-by-project basis1 proc$ures & approa*es t-- 7i7 address su* imp$im5ts2 & 7ii7 protect ! public int]e/ & any public or private inve/m5t 9 pre-disa/] mitigation projects t involve public-private p>tn]%ips or private inve/m5t 9 pre-disa/] mitigation projects2 & 7iii7 n lat] ?an #a ye> aft] ! date ( enactm5t ( ?is section1 issue rules to c>ry out ! proc$ures & approa*es develop$ "u ?is subp>agraph4 7#b7 ,rule ( con/ruction ,no?+ 9 ?is section %all be con/ru$ to all[ ! ,secret>y to waive any requirem5t "u-- 7,a7 sections #cada ?r\gh #cadh & sections #cgja ?r\gh #cgjh ( title #dj1 ,unit$ ,/ates ,code2 7,b7 ! ,national ,environm5tal ,policy ,act ( #aifi 7#db ,u4,s4,c4 #dcba et seq472 or 7,c7 any o!r provision ( ,f$]al law4 7k7 ,public b5efit assessm5ts 7#a7 ,9 g5]al ,be=e ent]+ into a project p>tn]%ip agreem5t ) an eligible entity "u subsection 7d77#c71 ! ,secret>y %all conduct an assessm5t ( :e!r1 & provide ju/ification 9 writ+ to ,congress t1 ! propos$ agreem5t provides bett] public & f9ancial b5efits ?an a simil> transaction us+ traditional public fund+1 f9anc+1 or adm9i/ration4 7#b7 ,requirem5ts ,an assessm5t "u p>agraph 7#a7 %all-- 7,a7 be complet$ 9 a p]iod ( n m ?an #ij days2 7,b7 take into consid]ation any support+ mat]ials & data submitt$ by ! relevant eligible entity & o!r /akehold]s2 & 7,c7 det]m9e :e!r ! propos$ project p>tn]%ip agreem5t is 9 ! public int]e/ by det]m9+ :e!r ! agreem5t w provide public & f9ancial b5efits1 includ+ accel]at$ or exp$it$ project deliv]y1 residual risk r$uction1 & sav+s = taxpay]s4 7l7 ,applicability ( f$]al law ,any provision ( ,f$]al law t w\ld apply to ! ,secret>y if ! ,secret>y 7 c>ry+ out a project %all apply to an eligible entity c>ry+ out a project "u ! ,program4 7m7 ,co/ %>e ,no?+ 9 ?is section %all be con/ru$ to affect any co/-%>+ requirem5t "u ,f$]al law t is applicable to a project c>ri$ out "u ! ,program4 7n7 ,report ,n lat] ?an #c ye>s aft] ! date ( enactm5t ( ?is ,act1 ! ,secret>y %all submit to ,congress & make publicly available a report describ+ ! results ( ! ,program1 includ+ any recomm5dations ( ! ,secret>y conc]n+ :e!r ! ,program or any compon5t ( ! ,program %\ld be implem5t$ across ! ,unit$ ,/ates4 7o7 ,au?orization ( appropriations ,!re is au?oriz$ to be appropriat$ to ! ,secret>y #bej1jjj1jjj to c>ry out ! ,program1 :i* %all rema9 available until exp5d$4