FLOOD INSURANCE PROGRAM.

SEC. 2302. FLOOD INSURANCE PROGRAM. (a) Extension of General Authority.—Section 1319 of the National Flood Insurance Act of 1968 (42 U.S.C. 4026) is amended by striking “September 30, 1991” and inserting “September 30, 1995”. (b) Extension of Emergency Program.—Section 1336(a) of the National Flood Insurance Act of 1968 (42 U.S.C. 4056(a)) is amended by striking “September 30, 1991” and inserting “September 30, 1995”. (c) Extension of 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, 1991” and inserting “September 30, 1995”. (d) Extension of Erosion Provisions.—Section 1306(c)(7) of the National Flood Insurance Act of 1968 (42 U.S.C. 4013(c)(7)) is 104 STAT. 1388–24 amended by striking “September 30, 1991” and inserting “September 30, 1995”. (e) Inclusion of Costs in Premiums.— (1) Estimates of premium rates.— Section 1307(a) of the National Flood Insurance Act of 1968 (42 U.S.C. 4014(a)) is amended— (A) in paragraph (I)(B)(i), by striking “and” at the end; (B) in paragraph (1)(B)(ii), by inserting “and” after the comma at the end; (C) in paragraph (1)(B), by inserting at the end the following new clause: “(iii) any remaining administrative expenses incurred in carrying out the flood insurance and flood-plain management programs (including the costs of mapping activities under section 1360) not included under clause (ii), which shall be recovered by a fee charged to policyholders and such fee shall not be subject to any agents’ commissions, company expense allowances, or State or local premium taxes,”; and (D) in paragraph (2), by inserting after “title” the following: “, and which, together with a fee charged to policyholders that shall not be not subject to any agents’ commission, company expenses allowances, or State or local premium taxes, shall include any administrative expenses incurred in carrying out the flood insurance and floodplain management programs (including the costs of mapping activities under section 1360)”. (2) Establishment of chargeable premium rates.— Section 1308 of the National Flood insurance Act of 1968 (42 U.S.C. 4015) is amended— (A) in subsection (b)— (i) by striking “and” at the end of paragraph (2); (ii) by redesignating paragraph (3) as paragraph (4); and (iii) by inserting after paragraph (2), the following new paragraph: “(3) adequate, together with the fee under paragraph (1)(B)(iii) or (2) of section 1307(a), to provide for any administrative expenses of the flood insurance and floodplain management programs (including the costs of mapping activities under section 1360), and”; and (B) by striking subsection (d) and inserting the following new subsection: “(d) With respect to any chargeable premium rate prescribed under this section, a sum equal to the portion of the rate that covers any administrative expenses of carrying out the flood insurance and floodplain management programs which have been estimated under paragraphs (1)(B)(ii) and (1)(B)(iii) of section 1307(a) or paragraph (2) of such section (including the fees under such paragraphs), shall be paid to the Director. The Director shall deposit the sum in the National Flood Insurance Fund established under section 1310.”. (3) National flood insurance fund.—Section 1310(a)(4) of the National Flood Insurance Act of 1968 (42 U.S.C. 4017(a)(4)) is amended to read as follows: “(4) to the extent approved in appropriations Acts, to pay any administrative expenses of the flood insurance and floodplain 104 STAT. 1388–25management programs (including the costs of mapping activities under section 1360); and”. (4) Administrative expenses.—Section 1375 of the National Flood Insurance Act of 1968 (42 U.S.C. 4126) is amended by striking “program” and all that follows and inserting the fol-lowing: “and floodplain management programs authorized under this title may be paid with amounts from the National Flood Insurance Fund (as provided under section 1310(a)(4)), subject to approval in appropriations Acts.”. (5) Exception to limitation on premium increases.—Notwithstanding section 541(d) of the Housing and Community Development Act of 1987 (42 U.S.C. 4015 note) (as amended by this section), the premium rates charged for flood insurance under any program established pursuant to the National Flood Insurance Act of 1968 may be increased by more than 10 percent during fiscal year 1991, except that any increase in such rates not resulting from the inclusion in chargeable premium rates of administrative expenses of the flood insurance and floodplain management programs (pursuant to the amendments made by this subsection) may not exceed 10 percent.