The International Code Council applauds the inclusion of the Federal Cost Share Reform Incentive as a provision of the Bipartisan Budget Act of 2018, passed by the U.S. House of Representatives and Senate on February 9. This provision encourages states to adopt the latest building codes, incentivizes states to invest in the resiliency of their communities, and includes additional disaster relief funds of nearly $90 billion.
In partnership with the BuildStrong Coalition, the Code Council has worked with members of Congress and their staff to highlight the importance of pre-disaster mitigation and adopting the latest building codes. The Federal Cost Share Reform Incentive allows post-disaster federal cost-share with states to increase from 75 percent to as high as 85 percent on a sliding scale based on a number of factors including the adoption and enforcement of the latest building codes; the adoption of a mitigation plan; and investments in disaster relief, insurance and emergency management programs.
“In the wake of a devastating hurricane season and tragic wildfires in California, we are pleased to see the Federal Cost Share Reform Incentive included in the federal budget. This provision is a significant victory for the tax-paying public as it will help reduce the burden of growing financial losses on the federal government and the states due to the increased frequency of natural disasters,” said Code Council CEO Dominic Sims. “We will continue to work on the federal, state and local levels to ensure that our communities have the highest level of safety in the industrial world through modern, cost-effective building and safety codes.”
Publication date: 2/12/2018