Resilient Assistance for Mitigation for Environmentally Resilient Infrastructure and Construction by Americans Act
AN ACT
To improve the provision of Federal resources to help build capacity and fund risk-reducing, cost-effective mitigation projects for eligible State, local, Tribal, and territorial governments and certain private nonprofit organizations, and for other purposes.
Sec. 2 Predisaster hazard mitigation
Sec. 3 Nonprofit facilities
Sec. 4 Building code implementation and enforcement set aside
“(3) Building code implementation and enforcement set-aside—Of the amounts made available under this section for any given year, the Administrator may use not less than 10 percent to carry out eligible activities that further the implementation and enforcement of the latest published editions of relevant consensus-based codes, specifications, and standards, including any amendments made by State, local, Tribal, or territorial governments to such codes, specifications, and standards, that incorporate the latest hazard-resistant designs and establish minimum acceptable criteria for the design, construction, and maintenance of facilities and residential structures that may be eligible for assistance under this Act. In any fiscal year in which requests for assistance for such activities do not total at least 10 percent of assistance under this section, any remaining funds may be used as additional assistance for the purposes of paragraph (1).”
Sec. 5 Resilient infrastructure
“(A) replacing”
“(B) the installation of fire-resistant wires and infrastructure and the undergrounding of wires;”
“(14) replacing water systems that have been burned, caused contamination, or are at risk from wildfire impacts with resilient, non-combustible materials;
“(15) repairing, replacing, or retrofitting infrastructure damaged by ice storms to be resilient to the impacts of such storms;
“(16) retrofitting or hardening electric grid infrastructure to comply with the latest published strength standards or industry best practices for resiliency, including standards and practices relating to the strength of utility poles in high wind areas, regardless of height; and
“(17) implementing technologies to improve infrastructure monitoring and distribution for the purpose of reducing risk and avoiding future disaster impacts and, notwithstanding other requirements related to cost-effectiveness, to avoid any unintended consequences under this section and section 203.”
“(4) planning, design, or construction of vertical evacuation structures in designated and mapped tsunami danger areas or hazard zones.”
Sec. 6 Residential retrofit and resilience pilot program
Sec. 7 Buy America for nonemergency projects
Sec. 8 Reimbursement of interest payments related to public assistance
“431. Reimbursement of interest payments related to public assistance
“(a) In general—For purposes of assistance under this title, the President shall provide financial assistance at the applicable Federal share to a State or local government, electric cooperative, or nonprofit organization as reimbursement for qualifying interest.
“(b) Definitions—In this section, the following definitions apply:
“(1) Qualifying interest—The term “qualifying interest” means, with respect to a qualifying loan, the lesser of—
“(A) the actual interest paid to a lender for such qualifying loan; and
“(B) the interest that would have been paid to a lender if such qualifying loan had an interest rate equal to the prime rate most recently published on the Federal Reserve Statistical Release on selected interest rates.
“(2) Qualifying loan—The term “qualifying loan” means a loan—
“(A) obtained by a State or local government, electric cooperative, or nonprofit organization; and
“(B) of which not less than 90 percent of the proceeds are used to fund activities for which such State or local government, electric cooperative, or nonprofit organization receives assistance under this Act after the date on which such loan is disbursed.”
Sec. 9 Funding of a Federally Authorized Water Resources Development Project
“(n) Funding of a federally authorized water resources development project
“(1) In general—Notwithstanding section 312 of the Robert T. Stafford Disaster Relief and Emergency Assistance Act (42 U.S.C. 5155) and its implementing regulations, assistance provided under this section may be used to fund activities authorized for construction within the scope of a federally authorized water resources development project of the Army Corps of Engineers if such activities are also eligible activities under this section.
“(2) Federal funding—All Federal funding provided pursuant to this section shall be applied toward the Federal share of a federally authorized water resources development project described in paragraph (1).
“(3) Non-Federal match—All non-Federal matching funds required pursuant to this section shall be applied toward the non-Federal share of a federally authorized water resources development project described in paragraph (1).
“(4) Total Federal share—Funding provided pursuant to this section may not exceed the total Federal share for a federally authorized water resources development project described in paragraph (1).
“(5) Rule of construction—Nothing in this subsection may be construed to affect—
“(A) the cost-share requirement of a hazard mitigation measure under this section;
“(B) the eligibility criteria for a hazard mitigation measure under this section;
“(C) the cost share requirements of a federally authorized water resources development project described in paragraph (1); and
“(D) the responsibilities of a non-Federal interest with respect to such project, including those related to the provision of lands, easements, rights-of-way, dredge material disposal areas, and necessary relocations.
“(6) Limitation—If a federally authorized water resources development project of the Army Corps of Engineers is constructed with funding provided under this subsection, no further Federal funding shall be provided for construction of such a project.”