Section 10-14-4-7 - [Effective 7/1/2024] Grants; limitations(a) This section does not apply to an eligible entity that is an individual.(b) The agency may not make a grant to an eligible entity under section 5(a)(1) of this chapter unless the damage to the eligible entity caused by the disaster exceeds an amount equal to one dollar ($1) multiplied by the population of the eligible entity.(c) Except as provided in subsection (d), a grant to an eligible entity under section 5(a)(1) of this chapter may not exceed an amount equal to:(1) fifty percent (50%); multiplied by(2) the total cost of the damage to the eligible entity caused by the disaster.
(d) Notwithstanding subsection (c), the percentage used to calculate the grant amount under subsection (c)(1) may be increased by five percent (5%) not to exceed a total of sixty-five percent (65%) if the eligible entity:(1) adopts a hazard mitigation plan;(2) participates in the national flood insurance program's community rating system established under 42 U.S.C. 4022(b)(1);(3) performs an exercise related to emergency management; or(4) performs a qualifying mitigation activity identified by the agency in a rule adopted under IC 4-22-2.Pre-2003 Recodification Citation: 10-4-1-29(h).
Amended by P.L. 112-2024,SEC. 4, eff. 7/1/2024.As added by P.L. 2-2003, SEC.5. Amended by P.L. 107-2007, SEC.4.This section is set out more than once due to postponed, multiple, or conflicting amendments.