Volume 6, Issue 6:  February 22, 2013


DNREC Sediment and Stormwater Regulatory Advisory Committee Meeting Notice:  The DNREC Sediment and Stormwater Regulatory Advisory Committee will be meeting Monday, Feb. 25, 2013 from 9:00 am to noon, at the DelDOT Felton Farmington Conference Room, located at 800 Bay Road in Dover.  You can check out the Agenda HERE, and there is time allotted for public comment!

Only One Sea Level Rise Presentation Left!  Join the Sea Level Rise Advisory Committee between 4:00 pm and 7:00 pm on Monday, February 25th, at the Kent County Levy Court, to listen to informative presentations, speak with subject matter experts, and to provide your comments and feedback as the Committee presents potential options for preparing Delaware for sea level rise. 

Monday, February 25th
Kent County Levy Court
Rooms 220 & 221
555 Bay Road (Rt. 113)
Dover, DE  19901

A brief presentation is scheduled for 4:30 pm, to be repeated at 6:00 pm.  Prior registration is not required.

DNREC Executive Order 36 Deadline is March 1st:  From DNREC:

Public comments on DNREC’s regulations connected to Executive Order No. 36 – the statewide review that Governor Jack Markell ordered from all state agencies requiring them to identify regulations that might be outdated or unnecessary – must be received by March 1.

Members of the public may submit comments via an online submission form located here or can mail them to: 

Regulatory Comments
Office of the Secretary
89 Kings Highway
Dover, DE 19901

Executive Order 36 provides an opportunity for state agencies to review regulations on their books and streamline or eliminate those that might be outdated, inconsistent or no longer serve their intended purpose. After formal comment, DNREC will consider the input received in addition to its own evaluation and begin the process for amending or repealing regulations accordingly. The Governor will submit a report to the General Assembly detailing regulatory changes in all state agencies in June 2013.

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Federal News In Case You Missed It:

FHA Taking Steps to Shore Up Finances:  FHA is striving to shore up its finances while continuing to play its vital role in keeping financing available while the mortgage market recovers, FHA Commissioner Carole Galante told the House Financial Services Committee last week. Back in November, an independent actuarial report projected the economic value of the FHA fund to be negative $16.3 billion even though FHA has more than $30 billion to pay claims on losses. The shortfall stems from a requirement by Congress that the agency hold 30 years-worth of reserves. Access testimony. For more info contact Megan Booth, 202/383-1222.

Flood Insurance Subsidies Begin Phase-out: 
A phase-out of federal subsidies for older homes receiving federal flood insurance has kicked in as outlined under the flood insurance reform and reauthorization law enacted last year. As a result, some owners of older properties could see their portion of flood insurance premiums rise. Under the phase-out, owners of second homes and vacation homes see a 25 percent increase in their premiums. That began on January 1. Starting in June, owners of business properties and properties that have experienced severe repetitive losses from flood damage will see a 25 percent increase in their share. Other incremental increases in the share of premiums owners are responsible for are forthcoming this year as well. Access a rate schedule and an NAR brochure on how to explain the reforms to customers. For more info contact Austin Perez, 202/383-1046.

HOM: 8.8 Million Positive Impressions: 
Media reports and other coverage in the last week totaled 8.8 million positive impressions about home ownership. Access the latest weekly update from NAR Public Affairs on NAR's efforts to remind consumers about what matters most when it comes to home ownership.


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