Members of the U.S. Senate on June 30 passed H.R. 5569, the National Flood Insurance Program Extension Act of 2010. On July 2, President Barack Obama signed the bill into law.
The National Flood Insurance Program lapsed May 31, and for each day the program was not re-instated, people in the 100-year floodplain, many of whom live in Brunswick County, were unable to get flood insurance.
The National Association of Realtors estimated the lapse in the federally required flood insurance program stalled about 1,200 real estate closings each day.