Sec. 205. Reallocation of premium surcharges
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Chapter I of the National Flood Insurance Act of 1968 ( 42 U.S.C. 4011 et seq.) is amended— in section 1308A ( 42 U.S.C. 4015a )— by redesignating subsection
(c)as subsection (d); by inserting after subsection
(b)the following: The Administrator shall deposit any surcharge imposed and collected under subsection
(a)in the Affordability Assistance Fund established under subsection
(a)of section 1326 in order to provide financial assistance under subsection
(b)of that section. ; and in subsection (d), as so redesignated, by striking Subsections
(a)and
(b)and inserting Subsections
(a)through
(c); and in section 1310A(c) ( 42 U.S.C. 4017A(c) ), by striking paragraph (4).
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- 42 USC 4017A(c)
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