(1)
Purpose. A flood recovery fund is established in the state treasury under the
control of the board. The fund shall consist of moneys appropriated to the fund
by the general assembly and any other moneys available to, obtained by, or
accepted by the board for deposit in the fund. Moneys in the fund are
appropriated to the department and shall be used for the purposes designated in
this rule. Moneys in the fund shall not supplant any federal disaster recovery
moneys. Moneys in the fund that remain unencumbered or unobligated at the close
of a fiscal year shall not revert to the general fund of the state but shall
remain available for expenditure for the purposes designated in this rule.
Interest or earnings on moneys deposited in the fund shall be credited to the
fund.
(2) An eligible applicant is
a political subdivision of the state located in a county designated under
presidential disaster declaration DR-4421-IA and also located in a county where
the federal emergency management agency's individual assistance program has
been activated.
(3) Eligible
projects must support flood response, flood recovery, or flood mitigation
activities. Eligible project types could include construction and
reconstruction of levees, embankments, impounding reservoirs, conduits, or
other means that are necessary for the protection of property from the effects
of floodwaters and may include the deepening, widening, alteration, change,
diversion, or other improvement of watercourses if necessary for the protection
of such property from the effects of floodwaters. A project may consist of one
or more phases of construction or reconstruction that are contracted for
separately if the larger project, of which the project is a part, otherwise
meets the requirements of this subrule.
(4) Project applications shall be submitted
to the
department for consideration by the
board. The
board shall prescribe
application instructions and forms. Applications, instructions, programmatic
guidance and forms are available through the
department and its website,
www.homelandsecurity.iowa.gov.
Project applications shall contain all of the following:
a. A description of the project and how it
supports flood response, flood recovery, or flood mitigation
activities.
b. A description of
financial assistance needed from the flood recovery fund.
c. A description of the necessary expense or
serious need of the political subdivision.
d. Details on any additional funds to be
applied to the project.
(5) The
board shall review the
project
applications. When reviewing a
project application, the
board shall consider,
at a minimum, all of the following:
a. Whether
the project supports flood response, flood recovery, or flood mitigation
activities.
b. Whether financial
assistance through the flood
recovery fund is essential to meet the necessary
expenses or serious needs of the political subdivision related to flood
response, flood
recovery, and flood
mitigation.
Upon review of a project application, the board shall approve,
defer, or deny the project application. If a project application is approved,
the board shall specify the amount of financial assistance from the flood
recovery fund awarded to the political subdivision. If the board approves an
application for financial assistance from the flood recovery fund, the board
shall negotiate and execute on behalf of the department all necessary
agreements to provide such financial assistance. If a project application is
deferred or denied, the board shall state the reasons for such deferral or
denial.
(6)
Reports. Following the approval of a
project application, the political
subdivision shall twice annually, until the
project is complete, submit a
report to the
board detailing the following:
a. The current status of the
project.
b. The total expenditures
and types of expenditures that have been made related to the project.
c. The amount of total project cost remaining
as of the date the report is submitted.
