Modern state and local building codes are working in Florida today, with significant support from the "50% rule," to rebuild safer, more flood-resistant communities that were heavily damaged by summer hurricanes.
Under terms of this rule, structures sustaining 50 percent or more of their pre-disaster, fair market value are treated as new structures and must be repaired or rebuilt in accordance with current state and local ordinances that regulate new construction in the floodplain. Local government officials determine pre-disaster fair market values.
Today, thousands of Floridians in flood-prone areas, whose properties were substantially damaged by the storms, are facing the task of rebuilding their homes or businesses. As Floridians rebuild to create a safer environment, they will need to comply with local, state and federal laws that have set standards designed to reduce the cost of future disasters.
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