Section 61-02-80 - Flood control projects - Financial assistance limitedExcept for flood control projects authorized by the legislative assembly or the commission before July 1, 2017, the commission shall calculate the amount of its financial assistance, including loans, grants, cost-share, and issuance of bonds, based on the needs for protection of health, property, and enterprise, against:
1. One hundred year flood events as determined by a federal agency;2. The national economic development alternative; or3. The local sponsor's preferred alternative if the commission first determines the historical flood prevention costs and flood damages, and the risk of future flood prevention costs and flood damages, warrant protection to the level of the local sponsor's preferred alternative.Added by S.L. 2017, ch. 419 (HB 1374),§ 10, eff. 8/1/2017.