NJ Bill Would Loosen Local Restrictions On Flood Elevations

Law360, New York (February 27, 2013, 6:07 PM EST) -- New Jersey lawmakers want to provide property owners with a limited exemption from local land-use restrictions when raising their structures to meet new flood elevation requirements, according to a bill introduced Tuesday

Acting on updated flood maps from the Federal Emergency Management Agency, Gov. Chris Christie's administration last month adopted minimum elevation standards for new construction in flood zones, as well as homes and buildings in such areas that suffered substantial damage during Superstorm Sandy and require reconstruction.

However, the owners of existing structures who want...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.