ENROLLED
Senate Bill No. 635
(By Senators Edgell, Plymale, Bailey, Dempsey, Hunter, Unger, White, Boley,
Guills, Harrison and Sprouse)
____________
[Passed March 8, 2006; in effect ninety days from passage.]
_____________
AN ACT to amend the Code of West Virginia, 1931, as amended, by
adding thereto a new section, designated §18-5-47, relating to
requiring flood insurance on certain buildings, and the
contents of those buildings, owned by a county board of
education.
Be it enacted by the Legislature of West Virginia:
That the Code of West Virginia, 1931, as amended, be amended
by adding thereto a new section, designated §18-5-47, to read as
follows:
ARTICLE 5. COUNTY BOARD OF EDUCATION.
§18-5-47. County board flood insurance requirements.
(a) Each county board shall maintain flood insurance on each
insurable building that it owns and that meets one or both of the
following requirements:
(1) The building is within the identified special flood
hazard area which is the area on a flood hazard boundary map or a flood insurance rate map that is identified as an "A zone", a
numbered "A zone" or an "AE zone" or regulatory one hundred year
floodplain and the building has a replacement value that is greater
than three hundred thousand dollars; or
(2) The building has been damaged in a previous flood and
flood insurance is required by the Federal Emergency Management
Agency.
(b) Each county board also shall maintain flood insurance on
the contents of each insurable building that it owns and that meets
one or both of the requirements set forth in subsection (a) of this
section.
(c) The buildings and the contents of those buildings
required to be insured by this section shall be insured at the
maximum amounts available through the National Flood Insurance
Program or the estimated replacement value of the structure and
contents, whichever is less.