Environmental
The federal Coastal Zone Management Act (CZMA) affects Alaska coastal properties by:
ARequiring all coastal properties to have flood insurance
BEncouraging state management of coastal resources to balance development and environmental protection✓ Correct
CProhibiting all development within 500 feet of the mean high-water line
DGranting the federal government ownership of all Alaska tidelands
Explanation
The CZMA provides federal grants to states to develop and implement coastal zone management programs. Alaska's coastal management program oversees development activities in coastal areas to protect natural resources.
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Key Terms to Know
Zoning
Local government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
Short SaleA sale of real property where the sale proceeds are less than the outstanding mortgage balance, requiring lender approval.
Transfer TaxA tax imposed by state or local governments when real property ownership is transferred, typically based on the sale price.
VarianceOfficial permission to use land in a way that does not conform to the applicable zoning ordinance, granted by a zoning board when strict enforcement would cause undue hardship.
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