Page:United States Statutes at Large Volume 88 Part 1.djvu/195

 88 STAT. ]

PUBLIC LAW 93-288-MAY 22, 1974

prescribe, to applications from public bodies situated in areas affected by major disasters, under the following Acts: (1) title II of the Housing Amendments of 1955, or any other Act providing assistance for repair, construction, or extension of public facilities; (2) the United States Housing Act of 1937 for the provision of low-rent housing; (3) section 702 of the Housing Act of 1954 for assistance in public works planning; (4) section 702 of the Housing and Urban Development Act of 1965 providing for grants for public facilities; (5) section 306 of the Consolidated Farmers Home Administration Act; (6) the Public Works and Economic Development Act of 1965, as amended; (7) the Appalachian Regional Development Act of 1965, as amended; or (8) title II of the Federal Water Pollution Control Act, as amended. (b) In the obligation of discretionary funds or funds which are not allocated among the States or political subdivisions of a State, the Secretary of Housing and Urban Development and the Secretary of Commerce shall give priority to applications for projects in major disaster areas in which a Recovery Planning Council has been designated pursuant to title VIII of the Public Works and Economic Development Act of 1965.

151

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1491.

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1430.

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462.

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3102.

7 USC 1926.

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3121

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app. 1

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1281.

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INSURANCE

SEC. 314. (a)(1) An applicant for assistance under section 402 or 419 of this Act or section 803 of the Public Works and Economic Development Act of 1965, shall comply with regulations prescribed by the President to assure that, with respect to any property to be replaced, restored, repaired, or constructed with such assistance, such types and extent of insurance will be obtained and maintained as may be reasonably available, adequate, and necessary to protect against future loss to such property. (2) I n making his determination with respect to such availability, adequacy and necessity, the President shall not require greater types and extent of insurance than are certified to him as reasonable by the appropriate State insurance commissioner responsible for regulation of such insurance. (b) No applicant for assistance under section 402 or 419 of this Act or section 803 of the Public Works and Economic Development Act of 1965, shall receive such assistance for any property or part thereof for which he has previously received assistance under this Act unless all insurance required pursuant to this section has been obtained and maintained with respect to such property. (c) A State may elect to act as a self-insurer with respect to any or all of the facilities belonging to it. Such an election, if declared in writing at the time of accepting assistance under section 402 or 419 of this Act or section 803 of the Public Works and Economic Development Act of 1965, or subsequently, and accompanied by a plan for selfinsurance which is satisfactory to the President, shall be deemed compliance with subsection (a) of this section. No such self-insurer shall receive assistance under such sections for any property or part thereof for which it has previously received assistance under this Act, to the extent that insurance for such property or part thereof would have been reasonably available.

42 USC 5154. ^o^'' P- ^si*

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