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When analysing flood risk governance in France since the beginning of the 1980s, central government appears as a predominant actor. However, to understand contemporary French flood risk governance ( FRG ), it is also important to highlight how this domination has progressively been undermined since 1982. First, a decentralisation movement has been initiated whose main characteristics are an increasing involvement of local governments and a difficulty for national authorities to maintain their predominant role. The second main change is a diversification in flood risk strategies going together with a diversification in the definition of the flood risk issue. FRG is not a sole matter of protection through defence, preparation, and recovery strategies anymore. Both prevention and mitigation strategies have progressively gained in legitimacy. It is in the latter that local governments and stakeholders have increasingly got involved and have taken up responsibilities and initiatives. The paper focuses on the explanatory factors behind both stability and change, and especially on the ongoing tension, between path dependency factors (i.e. state power and role) and organisational capability of local actors.