EXTENSION OF FLOOD INSURANCE PROGRAM.

SEC. 541. EXTENSION OF FLOOD INSURANCE PROGRAM. (a) General Authority.— Section 1319 of the National Flood Insurance Act of 1968 is amended by striking “March 15, 1988” and inserting “September 30, 1989”. (b) Emergency Implementation.— Section 1336(a) of the National Flood Insurance Act of 1968 is amended by striking “March 15, 1988” and inserting “September 30, 1989”. (c) Establishment of Flood-Risk Zones.— Section 1360(a)(2) of the National Flood Insurance Act of 1968 is amended by striking “March 15, 1988” and inserting “September 30, 1989”. (d) Limitation on Premiums.— The premium rates charged for flood insurance under any program established pursuant to the National Flood Insurance Act of 1968 may not be increased during 101 STAT. 1940the period beginning on the date of the enactment of this Act and ending on September 30, 1989, by more than a prorated annual rate of 10 percent.