Bill Text: NJ AJR28 | 2018-2019 | Regular Session | Amended

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Bill Title: Urges Congress and President to enact a long-term reauthorization of National Flood Insurance Program.

Spectrum: Strong Partisan Bill (Democrat 14-1)

Status: (Engrossed - Dead) 2019-06-27 - Passed by the Assembly (74-0-0) [AJR28 Detail]

Download: New_Jersey-2018-AJR28-Amended.html

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[First Reprint]

ASSEMBLY JOINT RESOLUTION

No. 28

STATE OF NEW JERSEY

218th LEGISLATURE

 

PRE-FILED FOR INTRODUCTION IN THE 2018 SESSION

 

 

Sponsored by:

Assemblywoman  JOANN DOWNEY

District 11 (Monmouth)

Assemblyman  CRAIG J. COUGHLIN

District 19 (Middlesex)

Assemblyman  ERIC HOUGHTALING

District 11 (Monmouth)

Assemblyman  VINCENT MAZZEO

District 2 (Atlantic)

Assemblywoman  MARLENE CARIDE

District 36 (Bergen and Passaic)

Assemblyman  BENJIE E. WIMBERLY

District 35 (Bergen and Passaic)

 

Co-Sponsored by:

Assemblywomen Pinkin, Quijano, Assemblyman Holley, Assemblywomen DiMaso and Lopez

 

 

 

 

SYNOPSIS

     Urges Congress and President to enact a long-term reauthorization of National Flood Insurance Program.

 

CURRENT VERSION OF TEXT

     As amended by the General Assembly on June 20, 2019.

 

A Joint Resolution urging Congress and the President of the United States to enact a long-term reauthorization of the National Flood Insurance Program.

 

Whereas, Due to the unavailability of private insurers that offer adequate and affordable flood insurance, the National Flood Insurance Program (NFIP), a federal program first established through the National Flood Insurance Act of 1968, provides coverage to many property owners in flood-prone areas in many states including New Jersey; and

Whereas, In late October of 2012, Superstorm Sandy battered New Jersey, devastating many communities, especially those located along the shore and in other areas vulnerable to flood; and

Whereas, The NFIP has been an indispensable resource for many victims of Superstorm Sandy and other flooding disasters in New Jersey over the years; and

Whereas, There were 224,000 NFIP policies in-force in New Jersey as of September, 2018 and New Jersey residents are paying a total of $215 million in premiums for these policies; and

Whereas, Current authorization for the NFIP is set to expire on ¹[May 31, 2019] September 30, 2019¹ and, without reauthorization, the NFIP will lack authority to issue new policies or renew existing policies; and

Whereas, A long-term reauthorization of the NFIP is needed to avoid expiration of the program, or a continuous series of short-term extensions, which can result in program lapses that create uncertainty in the housing, mortgage lending, and insurance markets; and

Whereas, Many local, state, and national advocacy groups, and the National Association of Insurance Commissioners, support a long-term reauthorization of the NFIP; and

Whereas, It is therefore fitting and proper, and in the interests of the residents of New Jersey, for the Governor and the Legislature of the State of New Jersey to respectfully urge the United States Congress and the President of the United States to enact a long-term reauthorization of the National Flood Insurance Program; now, therefore,

 

     Be It Resolved by the Senate and General Assembly of the State of New Jersey:

 

     1.    The Governor and the Legislature of New Jersey respectfully urge the United States Congress and the President of the United States to enact a long-term reauthorization of the National Flood Insurance Program.

 

     2.    Copies of this resolution, as filed with the Secretary of State, shall be transmitted by the Clerk of the General Assembly or the Secretary of the Senate to the President of the United States, the Majority and Minority Leaders of the United States Senate, the Speaker and Minority Leader of the United States House of Representatives, and each member of Congress from this State.

 

     3.    This joint resolution shall take effect immediately.