New Hampshire HB595 establishes flood resilience zones and investment funds to finance flood resiliency improvements.

New Hampshire HB595 amends state law to create flood resilience zones and flood resilience investment funds. Municipalities can establish these zones to promote and finance flood resiliency improvements, such as raising structures above flood elevations or constructing flood diversion apparatuses. The bill allows municipalities to collect a flood resilience fee on properties within these zones, up to $0.50 per $1,000 of assessed valuation. The collected fees are deposited into a flood resilience investment fund, which can be used to finance flood resiliency improvements.

New Hampshire HB595 establishes flood resilience zones and investment funds to finance flood resiliency improvements.

New Hampshire HB595 amends state law to create flood resilience zones and flood resilience investment funds. Municipalities can establish these zones to promote and finance flood resiliency improvements, such as raising structures above flood elevations or constructing flood diversion apparatuses. The bill allows municipalities to collect a flood resilience fee on properties within these zones, up to $0.50 per $1,000 of assessed valuation. The collected fees are deposited into a flood resilience investment fund, which can be used to finance flood resiliency improvements.