118 STAT. 714 PUBLIC LAW 108–264—JUNE 30, 2004 TITLE I—AMENDMENTS TO FLOOD INSURANCE ACT OF 1968 SEC. 101. EXTENSION OF PROGRAM AND CONSOLIDATION OF AUTHORIZATIONS. (a) BORROWING AUTHORITY.—The first sentence of section 1309(a) of the National Flood Insurance Act of 1968 (42 U.S.C. 4016(a)), is amended by striking ‘‘through December’’ and all that follows through ‘‘, and’’ and inserting ‘‘through the date specified in section 1319, and’’. (b) AUTHORITY FOR CONTRACTS.—Section 1319 of the National Flood Insurance Act of 1968 (42 U.S.C. 4026), is amended by striking ‘‘after’’ and all that follows and inserting ‘‘after September 30, 2008.’’. (c) EMERGENCY IMPLEMENTATION.—Section 1336(a) of the National Flood Insurance Act of 1968 (42 U.S.C. 4056(a)), is amended by striking ‘‘during the period’’ and all that follows through ‘‘in accordance’’ and inserting ‘‘during the period ending on the date specified in section 1319, in accordance’’. (d) AUTHORIZATION OF APPROPRIATIONS FOR STUDIES.—Section 1376(c) of the National Flood Insurance Act of 1968 (42 U.S.C. 4127(c)), is amended by striking ‘‘through’’ and all that follows and inserting ‘‘through the date specified in section 1319, for studies under this title.’’. SEC. 102. ESTABLISHMENT OF PILOT PROGRAM FOR MITIGATION OF SEVERE REPETITIVE LOSS PROPERTIES. (a) IN GENERAL.—The National Flood Insurance Act of 1968 is amended by inserting after section 1361 (42 U.S.C. 4102) the following: ‘‘SEC. 1361A. PILOT PROGRAM FOR MITIGATION OF SEVERE REPET ITIVE LOSS PROPERTIES. ‘‘(a) AUTHORITY.—To the extent amounts are made available for use under this section, the Director may, subject to the limita tions of this section, provide financial assistance to States and communities that decide to participate in the pilot program estab lished under this section for taking actions with respect to severe repetitive loss properties (as such term is defined in subsection (b)) to mitigate flood damage to such properties and losses to the National Flood Insurance Fund from such properties. ‘‘(b) SEVERE REPETITIVE LOSS PROPERTY.—For purposes of this section, the term ‘severe repetitive loss property’ has the following meaning: ‘‘(1) SINGLE FAMILY PROPERTIES.—In the case of a property consisting of 1 to 4 residences, such term means a property that— ‘‘(A) is covered under a contract for flood insurance made available under this title; and ‘‘(B) has incurred flood related damage— ‘‘(i) for which 4 or more separate claims payments have been made under flood insurance coverage under this title, with the amount of each such claim exceeding $5,000, and with the cumulative amount of such claims payments exceeding $20,000; or 42 USC 4102a.
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