Page:United States Statutes at Large Volume 103 Part 1.djvu/852

 103 STAT. 824 PUBLIC LAW 101-137—NOV. 3, 1989 Public Law 101-137 101st Congress An Act M <l 1Q8Q ^° reauthorize the National Flood Insurance Program, the Federal Crime Insurance — ° ^' •^' ^^°^ Program, and the Defense Production Act of 1950, to extend certain housing [H.R. 3281] programs, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. EXTENSION OF FLOOD INSURANCE PROGRAM. (a) IN GENERAL.— Section 1319 of the National Flood Insurance Act of 1968 (42 U.S.C. 4026) is amended by striking "September 30, 1989" and inserting "September 30, 1991". (b) EMERGENCY IMPLEMENTATION. — Section 1336(a) of the National Flood Insurance Act of 1968 (42 U.S.C. 4056(a)) is amended by striking "September 30, 1989" and inserting "September 30, 1991'^. (c) STRUCTURES ON LAND SUBJECT TO IMMINENT COLLAPSE OR SUBSIDENCE.—Section 1306(c)(7) of the National Flood Insurance Act of 1968 (42 U.S.C. 4013(c)(7)) is amended by striking "September 30, 1989" and inserting "September 30, 1991". (d) LIMITATION ON PREMIUMS. —Section 541(d) of the Housing and Community Development Act of 1987 (42 U.S.C. 4015 note) is amended by striking "September 30, 1989" and inserting "Septem- ber 30, 1991". SEC. 2. FLOOD ZONE DATA. Section 1360(a) of the National Flood Insurance Act of 1968 (42 U.S.C. 4101(a)) is amended by striking paragraph (2) and inserting the following: "(2) establish or update flood-risk zone data in all such areas, and make estimates with respect to the rates of probable flood caused loss for the various flood risk zones for each of these areas until the date specified in section 1319.". SEC. 3. REPORT ON FEDERAL ASSUMPTION OF FLOOD INSURANCE PROGRAM. Section 1340(b) of the National Flood Insurance Act of 1968 (42 U.S.C. 4071(b)) is amended to read as follows: "(b) Upon making the determination referred to in subsection (a), the Director shall make a report to the Congress and, at the same time, to the private insurance companies participating in the Na- tional Flood Insurance Program pursuant to section 1310 of this Act. Such report shall— "(1) state the reason for such determinations, "(2) be supported by pertinent findings, "(3) indicate the extent to which it is anticipated that the insurance industry will be utilized in providing flood insurance coverage under the program, and "(4) contain such recommendations as the Director deems advisable. The Director shall not implement the program of flood insurance authorized under chapter I through the facilities of the Federal Government until 9 months after the date of submission of the

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