amendments to the federal flood insurance act of 1956

amendments to the federal flood insurance act of 1956 Sec. 1303. (a) The second sentence of section 15(e) of the Federal Flood Insurance Act of 1956 (79 Stat. 1078) is amended— (1) by striking out “rate” the second time it appears in such sentence, and inserting in lieu thereof “market, yield”, and (2) by striking out “as of the last day of”, and inserting in lieu thereof “during”. (b) Section 15(e) of such Act is further amended by striking out the last sentence thereof. (c) Sections 2 through 14, subsections (a) through (d), and (f) and (g) of section 15, and sections 16 through 23 of such Act are hereby repealed.