Sec. 1340. federal operation of the program
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## Sec. 1340 federal operation of the program **[**[42 U.S.C. 4071](/us/usc/t42/s4071)**]** ###
(a)If at any time, after consultation with representatives of the insurance industry, the Administrator determines that operation of the flood insurance program as provided under part A cannot be carried out, or that such operation, in itself, would be assisted materially by the Federal Government's assumption, in whole or in part, of the operational responsibility for flood insurance under this title (on a temporary or other basis) he shall promptly undertake any necessary arrangements to carry out the program of flood insurance authorized under chapter I through the facilities of the Federal Government, utilizing, for purposes of providing flood insurance coverage, either— ####
(1)insurance companies and other insurers, insurance agents and brokers, and insurance adjustment organizations, as fiscal agents of the United States, ####
(2)such other officers and employees of any executive agency (as defined in section 105 of title 5 of the United States Code) as the Administrator and the head of any such agency may from time to time, agree upon, on a reimbursement or other basis, or ####
(3)both the alternative specified in paragraphs
(1)and (2). ###
(b)Upon making the determination referred to in subsection (a), the Administrator shall make a report to the Congress and, at the same time, to the private insurance companies participating in the National Flood Insurance Program pursuant to section 1310 of this Act. Such report shall— ####
(1)state the reason for such determinations, ####
(2)be supported by pertinent findings, ####
(3)indicate the extent to which it is anticipated that the insurance industry will be utilized in providing flood insurance coverage under the program, and ####
(4)contain such recommendations as the Administrator deems advisable. The Administrator shall not implement the program of flood insurance authorized under chapter I through the facilities of the Federal Government until 9 months after the date of submission of the report under this subsection unless it would be impossible to continue to effectively carry out the National Flood Insurance Program operations during this time.
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Sec. 1340
federal operation of the program
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