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42 U.S.C. § 4031 — Report of the Administrator on activities under the National Flood Insurance Program
Federal law — U.S. Code and appendices · legal_authorities
(1) **In general** — The Administrator shall, on an annual basis, submit a full report on the operations, activities, budget, receipts, and expenditures of the National Flood Insurance Program for the preceding 12-month period to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives.
(2) **Timing** — Each report required under paragraph (1) shall be submitted to the committees described in paragraph (1) not later than 3 months following the end of each fiscal year.
(3) **Contents** — Each report required under paragraph (1) shall include—
(A) the current financial condition and income statement of the National Flood Insurance Fund established under [section 4017 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section4017&num=0&edition=prelim), including—
(i) premiums paid into such Fund;
(ii) policy claims against such Fund; and
(iii) expenses in administering such Fund;
(B) the number and face value of all policies issued under the National Flood Insurance Program that are in force;
(C) a description and summary of the losses attributable to repetitive loss structures;
(D) a description and summary of all losses incurred by the National Flood Insurance Program due to—
(i) hurricane related damage; and
(ii) nonhurricane related damage;
(E) the amounts made available by the Administrator for mitigation assistance under [section 4104c(c)(4) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section4104c/c/4&num=0&edition=prelim), as so redesignated by this Act, for the purchase of properties substantially damaged by flood for that fiscal year, and the actual number of flood damag
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Source file: Laws/federal/codes/united-states-code/title-42/section-4031-report-of-the-administrator-on-activities-under-the-national-flood-insur--8552eaf45b.md
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Source location: Title 42, Chapter 50, § 4031; chapter-050-national-flood-insurance.md
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(1) **In general** — The Administrator shall, on an annual basis, submit a full report on the operations, activities, budget, receipts, and expenditures of the National Flood Insurance Program for the preceding 12-month period to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives.
(2) **Timing** — Each report required under paragraph (1) shall be submitted to the committees described in paragraph (1) not later than 3 months following the end of each fiscal year.
(3) **Contents** — Each report required under paragraph (1) shall include—
(A) the current financial condition and income statement of the National Flood Insurance Fund established under [section 4017 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section4017&num=0&edition=prelim), including—
(i) premiums paid into such Fund;
(ii) policy claims against such Fund; and
(iii) expenses in administering such Fund;
(B) the number and face value of all policies issued under the National Flood Insurance Program that are in force;
(C) a description and summary of the losses attributable to repetitive loss structures;
(D) a description and summary of all losses incurred by the National Flood Insurance Program due to—
(i) hurricane related damage; and
(ii) nonhurricane related damage;
(E) the amounts made available by the Administrator for mitigation assistance under [section 4104c(c)(4) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section4104c/c/4&num=0&edition=prelim), as so redesignated by this Act, for the purchase of properties substantially damaged by flood for that fiscal year, and the actual number of flood damaged properties purchased and the total cost expended to purchase such properties;
(F) the estimate of the Administrator as to the average historical loss year, and the basis for that estimate;
(G) the estimate of the Administrator as to the maximum amount of claims that the National Flood Insurance Program would have to expend in the event of a catastrophic year;
(H) the average—
(i) amount of insurance carried per flood insurance policy;
(ii) premium per flood insurance policy; and
(iii) loss per flood insurance policy; and
(I) the number of claims involving damages in excess of the maximum amount of flood insurance available under the National Flood Insurance Program and the sum of the amount of all damages in excess of such amount.
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Federal law — U.S. Code and appendices · legal_authorities
No cause of action shall exist and no claim may be brought against the United States for violation of any notification requirement imposed upon the United States by this subtitle or any amendment made by this subtitle.
Source: Supplied U.S. Code snapshot — release unconfirmed · 42 U.S.C. § 4004
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Definitions.—** In this title, the following definitions apply:
(1) **Apportionment.—** — The term “apportionment” includes unexpended apportionments made under prior authorization laws.
(2) **Asset management.—** — The term “asset management” means a strategic and systematic process of operating, maintaining, and improving physical assets, with a focus on both engineering and economic analysis based upon quality information, to identify a structured sequence of maintenance, preservation, repair, rehabilitation, and replacement actions that will achieve and sustain a desired state of good repair over the lifecycle of the assets at minimum practicable cost.
(3) **Carpool project.—** — The term “carpool project” means any project to encourage the use of carpools and vanpools, including provision of carpooling opportunities to the elderly and individuals with disabilities, systems for locating potential riders and informing them of carpool opportunities, acquiring vehicles for carpool use, designating existing highway lanes as preferential carpool highway lanes, providing related traffic control devices, designating existing facilities for use for preferential parking for carpools, and real-time ridesharing projects, such as projects where drivers, using an electronic transfer of funds, recover costs directly associated with the trip provided through the use of location technology to quantify those direct costs, subject to the condition that the cost recovered does not exceed the cost of the trip provided.
(4) **Construction.—** — The term “construction” means the supervising, inspecting, actual building, and incurrence of all costs incidental to the construction or reconstruction of a highway or any project eligible for assistance under this title, including bon
Source: Supplied U.S. Code snapshot — release unconfirmed · 23 U.S.C. § 101
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Federal law — U.S. Code and appendices · legal_authorities
**(a) In general** Notwithstanding any other provision of law, in addition to any other disclosures that may be required, each policy under the National Flood Insurance Program shall state all conditions, exclusions, and other limitations pertaining to coverage under the subject policy, regardless of the underlying insurance product, in plain English, in boldface type, and in a font size that is twice the size of the text of the body of the policy.
**(b) Violations** The Administrator may impose a civil penalty of not more than $50,000 on any person that fails to comply with subsection (a).
Source: Supplied U.S. Code snapshot — release unconfirmed · 42 U.S.C. § 4017
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Federal law — U.S. Code and appendices · legal_authorities
Page 6046
TITLE 42—THE PUBLIC HEALTH AND WELFARE
§ 4030
1 See References in Text note below.
‘‘federally supervised, approved, regulated or insured fi-
nancial institution’’.
1988—Pub. L. 100–242 inserted section catchline.
§ 4030. Repealed. Pub. L. 112–141, div. F, title II,
§ 100225(b), July 6, 2012, 126 Stat. 941
Section, Pub. L. 90–448, title XIII, § 1323, as added Pub.
L. 108–264, title I, § 104(a), June 30, 2004, 118 Stat. 722,
provided funding for mitigation actions that reduce
flood damages to individual properties for which 1 or
more claim payments for losses have been made under
flood insurance coverage under this chapter.
§ 4031. Treatment of certain payments
Assistance provided under a program under
this chapter for flood mitigation activities (in-
cluding any assistance provided under the miti-
gation pilot program under section 4102a 1 of this
title, any assistance provided under the mitiga-
tion assistance program under section 4104c of
this title, and any funding provided under sec-
tion 4030 1 of this title) with respect to a prop-
erty shall not be considered income or a re-
source of the owner of the property when deter-
mining eligibility for or benefit levels under any
income assistance or resource-tested program
that is funded in whole or in part by an agency
of the United States or by appropriated funds of
the United States.
(Pub. L. 90–448, title XIII, § 1324, as added Pub. L.
109–64, § 1, Sept. 20, 2005, 119 Stat. 1997.)
Editorial Notes
REFERENCES IN TEXT
This chapter, referred to in text, was in the original
a reference to ‘‘this title’’ meaning title XIII of Pub. L.
90–448, Aug. 1, 1968, 82 Stat. 572, known as the National
Flood Insurance Act of 1968, which is classified prin-
cipally to this chapter. For complete clas
Source: Supplied 2024 U.S. Code historical extraction · 42 U.S.C. § 4031
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