114 STAT. 1566 PUBLIC LAW 106-390—OCT. 30, 2000 "(3) EXPERT PANEL.— "(A) ESTABLISHMENT. — Not later than 18 months after the date of the enactment of this paragraph, the President, acting through the Director of the Federal Emergency Management Agency, shall establish an expert panel, which shall include representatives from the construction industry and State and local government. "(B) DUTIES.— The expert panel shall develop recommendations concerning— "(i) procedures for estimating the cost of repairing, restoring, reconstructing, or replacing a facility consistent with industry practices; and "(ii) the ceiling and floor percentages referred to in paragraph (2). President. "(C) REGULATIONS. — Taking into account the recommendations of the expert panel under subparagraph (B), the President shall promulgate regulations that establish— "(i) cost estimation procedures described in subparagraph (B)(i); and "(ii) the ceiling and floor percentages referred to in paragraph (2). Deadline. "(D) REVIEW BY PRESIDENT.— Not later than 2 years after the date of promulgation of regulations under subparagraph (C) and periodically thereafter, the President shall review the cost estimation procedures and the ceiling and floor percentages established under this paragraph. Deadline. "(E) REPORT TO CONGRESS. —Not later than 1 year after the date of promulgation of regulations under subparagraph (C), 3 years after that date, and at the end of each 2-year period thereafter, the expert panel shall submit to Confess a report on th4 appropriateness of the cost estimation procedures. "(4) SPECIAL RULE. —In any case in which the facility being repaired, restored, reconstructed, or replaced under this section was under construction on the date of the major disaster, the cost of repairing, restoring, reconstructing, or replacing the facility shall include, for the purposes of this section, only those costs that, under the contract for the construction, are the owner's responsibility and not the contractor's responsibility. ". 42 USC 5172 (2) EFFECTIVE DATE.— The amendment made by paragraph ^°^- (1) takes effect on the date of the enactment of this Act and applies to funds appropriated after the date of the enactment of this Act, except that paragraph (1) of section 406(e) of the Robert T. Stafford Disaster Relief and Emergency Assistance Act (as amended by paragraph (1)) takes effect on the date on which the cost estimation procedures established under paragraph (3) of that section take effect. (e) CONFORMING AMENDMENT.— Section 406 of the Robert T. Stafford Disaster Relief and Emergency Assistance Act (42 U.S.C. 5172) is amended by striking subsection (f). SEC. 206. FEDERAL ASSISTANCE TO INDIVIDUALS AND HOUSEHOLDS. (a) IN GENERAL.—Section 408 of the Robert T. Stafford Disaster Relief and Emergency Assistance Act (42 U.S.C. 5174) is amended to read as follows:
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