Federal · Title 42 — Public Health and Welfare

42 U.S.C. § 4017: National Flood Insurance Fund

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for making such payments as may, from time to time, be required under section 4054 of this title ; to pay reinsurance claims under the excess loss reinsurance coverage provided under section 4055 of this title ; to repay to the Secretary of the Treasury such sums as may be borrowed from him (together with interest) in accordance with the authority provided in section 4016 of this title ; and to the extent approved in appropriations Acts, to pay any administrative expenses of the flood insurance and floodplain management programs (including the costs of mapping activities under section 4101 of this title ); for the purposes specified in subsection (d) under the conditions provided therein; for carrying out the program under section 4022(b) of this title ; for transfers to the National Flood Mitigation Fund, but only to the extent provided in section 4104d(b)(1) of this title ; and for carrying out section 4104(f) of this title . such funds borrowed in accordance with the authority provided in section 4016 of this title as may from time to time be deposited in the fund; premiums, fees, or other charges which may be paid or collected in connection with the excess loss reinsurance coverage provided under section 4055 of this title ; such amounts as may be advanced to the fund from appropriations in order to maintain the fund in an operative condition adequate to meet its liabilities; interest which may be earned on investments of the fund pursuant to subsection (c); such sums as are required to be paid to the Administrator under section 4015(d) of this title ; and receipts from any other operations under this chapter (including premiums under the conditions specified in subsection (d), and salvage proceeds, if any, resulting from reinsurance coverage). all outstanding obligations of the fund have been liquidated, and any outstanding amounts which may have been advanced to the fund from appropriations authorized under section 4127(a)(2)(B) of this title have been credited to the appropriation from which advanced, with interest accrued at the rate prescribed under section 2414(e) of this title , as in effect immediately prior to August 1, 1968 , cost incurred in the adjustment and payment of any claims for losses, and payment of applicable operating costs set forth in the schedules prescribed under section 4018 of this title , An annual business-type budget for the fund shall be prepared, transmitted to the Congress, considered, and enacted in the manner prescribed by sections 9103 and 9104 of title 31 for wholly-owned Government corporations. The fund shall be available, with respect to any fiscal year beginning on or after October 1, 1981 , only to the extent approved in appropriation Acts; except that the fund shall be available for the purpose described in subsection (d)(1) without such approval.

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