North Carolina S266 allows exemptions from certain floodplain requirements for rebuilding structures damaged by historic flood events.
North Carolina S266, known as the Power Bill Reduction Act, modifies existing laws to provide exemptions from certain floodplain requirements for the replacement or reconstruction of structures damaged by historic flood events. This act allows the owner of a lawfully established building or structure damaged by a historic flood event to replace or reconstruct the building or structure within the base floodplain, as defined, to the same or lesser extent or volume existing immediately before the historic flood event.
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