Sec. 104. Exceptions to limitations on expenditures
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Section 6 of the Coastal Barrier Resources Act ( 16 U.S.C. 3505 ) is amended— in subsection (a)(6)(E), to read as follows: Emergency actions necessary to the saving of lives and the protection of property and the public health and safety, if such actions are performed pursuant to sections 402, 403, 407, and 502 of the Robert T. Stafford Disaster Relief and Emergency Assistance Act ( 42 U.S.C. 5170a , 5170b, 5173, 5192) and are limited to actions that are necessary to alleviate the applicable emergency. ; and by adding at the end the following:
The prohibitions on new Federal expenditures and financial assistance described in section 5(a) do not apply within Otherwise Protected Areas except with respect to limitations on new flood insurance coverage described in section 1321 of the National Flood Insurance Act of 1968 ( 42 U.S.C. 4028 ). Notwithstanding paragraph (1), new Federal flood insurance may be provided for a structure in an Otherwise Protected Area that is used in a manner consistent with the purpose for which such Otherwise Protected Area is protected.
With respect to an addition to the System made under section 4 on or after the date of the enactment of the Bolstering Ecosystems Against Coastal Harm Act , subject to paragraph (2), the prohibitions on new Federal expenditures and financial assistance described in section 5(a) and section 1321 of the National Flood Insurance Act of 1968 ( 42 U.S.C. 4028 ) shall take effect on the date that is 1 year after the date on which such addition is made. The prohibitions on new Federal expenditures and financial assistance described in section 5(a) and section 1321 of the National Flood Insurance Act of 1968 ( 42 U.S.C. 4028 ) do not apply to an insurable structure.
In this subsection, the term insurable structure means an insurable structure that is— located within an addition described in paragraph (1); and in existence before the expiration of the applicable 1-year period described in paragraph (1). .
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