$226,000,000 for the National Flood Insurance Fund
What the document says“For activities under the National Flood Insurance Act of 1968 (42 U.S.C. 4001 et seq.), the Flood Disaster Protection Act of 1973 (42 U.S.C. 4001 et seq.), the Biggert-Waters Flood Insurance Reform Act of 2012 (Public Law 112-141, 126 Stat. 916), and the Homeowner Flood Insurance Affordability Act of 2014 (Public Law 113-89; 128 Stat. 1020), $226,000,000, to remain available until September 30, 2027”
The National Flood Insurance Fund appropriation. The whole of it is derived from premium fees collected under section 1308(d) of the National Flood Insurance Act of 1968 rather than from the general fund. Of the total, $16,302,000 is for mission support and $209,698,000 for flood plain management and flood mapping. Further provisos cap what may be drawn from the fund during the year, including $1,505,000,000 for commissions and taxes of agents and $175,000,000 for flood mitigation, and cap total administrative costs at 4 percent.
What the document actually says“For activities under the National Flood Insurance Act of 1968 (42 U.S.C. 4001 et seq.), the Flood Disaster Protection Act of 1973 (42 U.S.C. 4001 et seq.), the Biggert-Waters Flood Insurance Reform Act of 2012 (Public Law 112-141, 126 Stat. 916), and the Homeowner Flood Insurance Affordability Act of 2014 (Public Law 113-89; 128 Stat. 1020), $226,000,000, to remain available until September 30, 2027”
Flood insurance work gets $226,000,000. The money lasts until September 30, 2027.
The money comes from what policy holders pay, not from taxes. Most of it maps flood risk. Caps limit what else may be drawn from the fund.
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