118 STAT. 715 PUBLIC LAW 108–264—JUNE 30, 2004 ‘‘(ii) for which at least 2 separate claims payments have been made under such coverage, with the cumu lative amount of such claims exceeding the value of the property. ‘‘(2) MULTIFAMILY PROPERTIES.—In the case of a property consisting of 5 or more residences, such term shall have such meaning as the Director shall by regulation provide. ‘‘(c) ELIGIBLE ACTIVITIES.—Amounts provided under this section to a State or community may be used only for the following activi ties: ‘‘(1) MITIGATION ACTIVITIES.—To carry out mitigation activi ties that reduce flood damages to severe repetitive loss prop erties, including elevation, relocation, demolition, and floodproofing of structures, and minor physical localized flood control projects, and the demolition and rebuilding of properties to at least Base Flood Elevation or greater, if required by any local ordinance. ‘‘(2) PURCHASE.—To purchase severe repetitive loss prop erties, subject to subsection (g). ‘‘(d) MATCHING REQUIREMENT.— ‘‘(1) IN GENERAL.—Except as provided in paragraph (2), in any fiscal year the Director may not provide assistance under this section to a State or community in an amount exceeding 3 times the amount that the State or community certifies, as the Director shall require, that the State or commu nity will contribute from non Federal funds for carrying out the eligible activities to be funded with such assistance amounts. ‘‘(2) REDUCED COMMUNITY MATCH.—With respect to any 1 year period in which assistance is made available under this section, the Director may adjust the contribution required under paragraph (1) by any State, and for the communities located in that State, to not less than 10 percent of the cost of the activities for each severe repetitive loss property for which grant amounts are provided if, for such year— ‘‘(A) the State has an approved State mitigation plan meeting the requirements for hazard mitigation planning under section 322 of the Robert T. Stafford Disaster Relief and Emergency Assistance Act (42 U.S.C. 5165) that speci fies how the State intends to reduce the number of severe repetitive loss properties; and ‘‘(B) the Director determines, after consultation with the State, that the State has taken actions to reduce the number of such properties. ‘‘(3) NON FEDERAL FUNDS.—For purposes of this subsection, the term ‘non Federal funds’ includes State or local agency funds, in kind contributions, any salary paid to staff to carry out the eligible activities of the recipient, the value of the time and services contributed by volunteers to carry out such activities (at a rate determined by the Director), and the value of any donated material or building and the value of any lease on a building. ‘‘(e) NOTICE OF MITIGATION PROGRAM.— ‘‘(1) IN GENERAL.—Upon selecting a State or community to receive assistance under subsection (a) to carry out eligible activities, the Director shall notify the owners of a severe Regulations.
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