Page:United States Statutes at Large Volume 118.djvu/751

 118 STAT. 721 PUBLIC LAW 108–264—JUNE 30, 2004 any other provision of this title, amounts made available pursu ant to this subsection shall not be subject to offsetting collec tions through premium rates for flood insurance coverage under this title. ‘‘(2) ADMINISTRATIVE EXPENSES.—Of the amounts made available under this subsection, the Director may use up to 5 percent for expenses associated with the administration of this section. ‘‘(l) TERMINATION.—The Director may not provide assistance under this section to any State or community after September 30, 2009.’’. (b) AVAILABILITY OF NATIONAL FLOOD INSURANCE FUND AMOUNTS.—Section 1310(a) of the National Flood Insurance Act of 1968 (42 U.S.C. 4017(a)) is amended— (1) in paragraph (7), by striking ‘‘and’’ at the end; and (2) by striking paragraph (8) and inserting the following: ‘‘(8) for financial assistance under section 1361A to States and communities for taking actions under such section with respect to severe repetitive loss properties, but only to the extent provided in section 1361A(i); and’’. SEC. 103. AMENDMENTS TO EXISTING FLOOD MITIGATION ASSIST ANCE PROGRAM. (a) STANDARD FOR APPROVAL OF MITIGATION PLANS.—Section 1366(e)(3) of the National Flood Insurance Act of 1968 (42 U.S.C. 4104c) is amended by adding at the end the following new sentence: ‘‘The Director may approve only mitigation plans that give priority for funding to such properties, or to such subsets of properties, as are in the best interest of the National Flood Insurance Fund.’’. (b) PRIORITY FOR MITIGATION ASSISTANCE.—Section 1366(e) of the National Flood Insurance Act of 1968 (42 U.S.C. 4104c) is amended by striking paragraph (4) and inserting the following: ‘‘(4) PRIORITY FOR MITIGATION ASSISTANCE.—In providing grants under this subsection for mitigation activities, the Director shall give first priority for funding to such properties, or to such subsets of such properties as the Director may establish, that the Director determines are in the best interests of the National Flood Insurance Fund and for which matching amounts under subsection (f) are available.’’. (c) COORDINATION WITH STATES AND COMMUNITIES.—Section 1366 of the National Flood Insurance Act of 1968 (42 U.S.C. 4104c) is amended by adding at the end the following: ‘‘(m) COORDINATION WITH STATES AND COMMUNITIES.—The Director shall, in consultation and coordination with States and communities take such actions as are appropriate to encourage and improve participation in the national flood insurance program of owners of properties, including owners of properties that are not located in areas having special flood hazards (the 100 year floodplain), but are located within flood prone areas.’’. (d) FUNDING.—Section 1367 of the National Flood Insurance Act of 1968 (42 U.S.C. 4104d) is amended— (1) in subsection (b), by striking paragraph (1) and inserting the following: ‘‘(1) in each fiscal year, amounts from the National Flood Insurance Fund not exceeding $40,000,000, to remain available until expended;’’;

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