(a) The purpose of this part is to provide information on the policies and procedures for mitigation planning as required by the provisions of section 322 of the Stafford Act, 42 U.S.C. 5165 , and section 1366 of the National Flood Insurance Act of 1968, 42 U.S.C. 4104c .(b) The purpose of mitigation planning is for State, local, and Indian tribal governments to identify the natural hazards that impact them, to identify actions and activities to reduce any losses from those hazards, and to establish a coordinated process to implement the plan, taking advantage of a wide range of resources.67 FR 8848, Feb. 26, 2002, as amended at 86 FR 50673, Sept. 10, 2021