42 USC 4104d - National Flood Mitigation Fund

U.S Code last checked for updates: May 03, 2024

§ 4104d.

National Flood Mitigation Fund

(a)

Establishment and availability

(b)

Credits

The National Flood Mitigation Fund shall be credited with—

(1)

in each fiscal year, amounts from the National Flood Insurance Fund not to exceed $90,000,000 and to remain available until expended, of which—

(A)

not more than $40,000,000 shall be available pursuant to subsection (a) of this section for assistance described in section 4104c(a)(1) of this title;

(B)

not more than $40,000,000 shall be available pursuant to subsection (a) of this section for assistance described in section 4104c(a)(2) of this title; and

(C)

not more than $10,000,000 shall be available pursuant to subsection (a) of this section for assistance described in section 4104c(a)(3) of this title;

(2)

any penalties collected under section 4012a(f) of this title; and

(3)

any amounts recaptured under section 4104c(e) of this title.

(c)

Administrative expenses

(d)

Prohibition on offsetting collections

(e)

Continued availability and reallocation

(f)

Investment

(g)

Report

(Pub. L. 90–448, title XIII, § 1367, as added Pub. L. 103–325, title V, § 554(a), Sept. 23, 1994, 108 Stat. 2273; amended Pub. L. 108–264, title I, § 103(d), June 30, 2004, 118 Stat. 721; Pub. L. 112–141, div. F, title II, §§ 100225(e), 100238(b)(1), July 6, 2012, 126 Stat. 941, 958.)

cite as: 42 USC 4104d