FEMA Media Library
LFD Date: July 25, 2023
FIRM Effective Date: Jan. 25, 2024
States: Arkansas
FEMA Deputy Administrator Erik Hooks greets Gurpreet Singh Sodhi, Chief Executive Officer, United Sikhs. (FEMA photo)
FEMA Policy 206-23-001
This policy supports the implementation of federal guidance provided by OMB Circular A-94, Appendix D to update the discount rate used in Benefit-Cost Analyses (BCA) of hazard mitigation projects. In accordance with the principles of OMB Circular A-94, FEMA will adopt the A-94 discount rate of 3.1%. It also includes streamlined cost-effectiveness determination methods, such as allowing subapplicants to submit a cost-effectiveness narrative, rather than a BCA, for projects costing less than $1 million. FEMA will continue to engage with OMB to improve implementation of FEMA’s cost effectiveness requirements to enable FEMA’s strategic goals and accelerate risk reduction and adaptation nationwide.
March Recovery Support Function Leadership Group financial data - March 31, 2024
LFD Date: April 24, 2024
FIRM Effective Date: October 24, 2024
States: West Virginia, Florida, Wisconsin, Colorado