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growth. These tools can also influence the cost of growth. If the CIP is effective in directing <br />growth away fi.om environmentally sensitive or high hazard areas, for example, it can reduce <br />environmental costs. <br /> <br /> K. Fiscal Capability. Beyond legal authority and political willpower, fiscal capability is a <br />key component to effectively developing and implementing a hazard mitigation plan. In addition <br />to local tax funds, non-profits and other non-governmental organizations are often interested in <br />helping to implement hazard mitigation projects. And fortunately, local governments can also <br />apply for State and Federal funds to implement hazard mitigation initiatives. <br /> <br /> L. Local Funds. In the State of North Carolina, property taxes provide the primary source of <br />revenue for counties. These taxes are typically used primarily to finance services that must be <br />available and delivered on a daily basis, such as schools, health and social services, planning, <br />solid waste management, and emergency services, leaving very little, if any, for additional <br />services and projects. Fortunately, State and Federal funds are available to local governments for <br />the development and implementation of hazard mitigation programs. <br /> <br /> M. Non-Governmental Funds. Another potential source of revenue for local mitigation <br />efforts, are the contribution of non-governmental organizations, such as churches, charities, <br />community relief funds, the Red Cross, hospitals, for-profit businesses, and nonprofit <br />organizations. A variety of these local organizations can be tapped to help carry out local hazard <br />mitigation initiatives. <br /> <br />N. State and Federal Funds <br /> <br /> 1. There are many sources of Federal and State funding available to local governments <br />for the purpose of implementing hazard mitigation plans. These programs include Hazard <br />Mitigation Grants, Flood Mitigation Assistance Programs, and the Community Development <br />Block Grants. <br /> <br /> 2. The Hazard Mitigation Grant Program (HMGP) provides funding for mitigation <br />measures following a presidential disaster declaration. The HMGP is funded in most part by the <br />Federal government and administered by respective sate governments. HMGP funds can be used <br />for such projects as acquisition or relocation, retrofitting, development of local mitigation <br />standards and comprehensive mitigation plans, structural hazard control and the purchase of <br />equipment to improve preparedness and response. <br /> <br /> 3. The Flood Mitigation Grant Program (FMAP) is a federally funded program for <br />mitigation assistance to states, communities and individuals for cost-effective measures to reduce <br />or eliminate the long-term risk of flood damage to the built environment and to real property. <br />Unlike the HMGP, FMAP is available to eligible communities on an annual'basis. An eligible <br />community must be a participant in the National Flood Insurance Program and must develop a <br />flood mitigation plan. FMAP funds may be used for such projects as elevation and/or dry flood <br />proofing of structures, acquisition of real property, relocation or demolition of structures, and <br />minor structural projects. <br /> 4. The Community Development Block Grant (CDBG) is another source of funding for <br />hazard mitigation initiatives. The objective of the CDBG program is to assist communities in <br />rehabilitating substandard dwelling structures and to expand economic opportunities, primarily <br /> <br />Draft Annex C v.3 C-6 1 June 2002 <br /> <br /> <br />