Page:United States Statutes at Large Volume 87.djvu/1007

 87 STAT.]

PUBLIC LAW 93-234-DEC. 31, 1973

975

thereof the following new sentence: "Effective with respect to compensation for weeks of unemployment beginning before April 1, 1974, and beginning after December 31, 1973 (or, if later, the date established pursuant to State law), the State may by law provide that the determination of whether there has been a State 'on' or 'off' indicator be^nning or ending any extended benefit period shall be made under this subsection as if paragraph (1) did not contain subparagraph (A) thereof.". Approved December 31, 1973. Public Law 93-234 AN ACT To expand the national flood insurance program by substantially increasing limits of coverage and total amount of insurance authorized to be outstanding and by requiring knownflood-pronecommunities to participate in the program, and for other purposes.

December 31, 1973 [H. R. 8449]

Be it enacted by the Senate and House of Representatives of the Flood Disaster United States of America in Congress assembled, That this Act may Protection Act of be cited as the "Flood Disaster Protection Act of 1973". 1973. FINDINGS A N D DECLARATION OF PURPOSE

SEC. 2. (a) The Congress finds that— (1) annual losses throughout the Nation from floods and mudslides are increasing at an alarming rate, largely as a result of the accelerating development of, and concentration of population in, areas of flood and mudslide hazards; (2) the availability of Federal loans, grants, guaranties, insurance, and other forms of financial assistance are often determining factors in the utilization of land and the location and construction of public and of private industrial, commercial, and residential facilities; (3) property acquired or constructed with grants or other Federal assistance may be exposed to risk of loss through floods, thus frustrating the purpose for which such assistance was extended; (4) Federal instrumeiitalities insure or otherwise provide financial protection to banking and credit institutions whose assets include a substantial number of mortgage loans and other indebtedness secured by property exposed to loss and damage from floods and mudslides;

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