Page:United States Statutes at Large Volume 118.djvu/750

 118 STAT. 720 PUBLIC LAW 108–264—JUNE 30, 2004 ‘‘(ii) by the National Flood Insurance Fund, if such final determination is that the grounds under subpara graph (A) do exist. ‘‘(E) REPORT.—Not later than 6 months after the date of the enactment of the Bunning Bereuter Blumenauer Flood Insurance Reform Act of 2004, the Director shall submit a report describing the rules, procedures, and administration for appeals under this paragraph to— ‘‘(i) the Committee on Banking, Housing, and Urban Affairs of the Senate; and ‘‘(ii) the Committee on Financial Services of the House of Representatives. ‘‘(i) DISCRETIONARY ACTIONS IN CASES OF FRAUDULENT CLAIMS.—If the Director determines that a fraudulent claim was made under flood insurance coverage under this title for a severe repetitive loss property, the Director may— ‘‘(1) cancel the policy and deny the provision to such policy holder of any new flood insurance coverage under this title for the property; or ‘‘(2) refuse to renew the policy with such policyholder upon expiration and deny the provision of any new flood insurance coverage under this title to such policyholder for the property. ‘‘(j) RULES.— ‘‘(1) IN GENERAL.—The Director shall, by rule— ‘‘(A) subject to subsection (f)(4), develop procedures for the distribution of funds to States and communities to carry out eligible activities under this section; and ‘‘(B) ensure that the procedures developed under para graph (1)— ‘‘(i) require the Director to notify States and communities of the availability of funding under this section, and that participation in the pilot program under this section is optional; ‘‘(ii) provide that the Director may assist States and communities in identifying severe repetitive loss properties within States or communities; ‘‘(iii) allow each State and community to select properties to be the subject of eligible activities, and the appropriate eligible activity to be performed with respect to each severe repetitive loss property; and ‘‘(iv) require each State or community to submit a list of severe repetitive loss properties to the Director that the State or community would like to be the subject of eligible activities under this section. ‘‘(2) CONSULTATION.—Not later than 90 days after the date of enactment of this Act, the Director shall consult with State and local officials in carrying out paragraph (1)(A), and provide an opportunity for an oral presentation, on the record, of data and arguments from such officials. ‘‘(k) FUNDING.— ‘‘(1) IN GENERAL.—Pursuant to section 1310(a)(8), the Director may use amounts from the National Flood Insurance Fund to provide assistance under this section in each of fiscal years 2005, 2006, 2007, 2008, and 2009, except that the amount so used in each such fiscal year may not exceed $40,000,000 and shall remain available until expended. Notwithstanding Deadline. Deadline.

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