(a) Each municipality which has been notified by the United States Department of Housing and Urban Development that it has been identified as having an area or areas which are subject to flooding shall participate in the National Flood Insurance Program.¹

(b) If a municipality with an area or areas subject to flooding is not participating in the National Flood Insurance Program at the time this act becomes effective, such municipality shall apply for eligibility and fully comply with the requirements for participation within six months of the effective date of this act, or six months from the date of notification by the United States Department of Housing and Urban Development that it has been identified as having an area or areas subject to flooding, whichever is first.

(c) If a municipality, for whatever reason, is suspended from the National Flood Insurance Program, once having gained eligibility, such municipality shall regain eligibility within 90 days of the date of receipt of its notice of suspension.