42 U.S. Code § 4002 - Additional Congressional findings and declaration of purpose

(a) The Congress finds that—
(1) annual losses throughout the Nation from floods and mudslides are increasing at an alarming rate, largely as a result of the accelerating development of, and concentration of population in, areas of flood and mudslide hazards;
(2) the availability of Federal loans, grants, guaranties, insurance, and other forms of financial assistance are often determining factors in the utilization of land and the location and construction of public and of private industrial, commercial, and residential facilities;
(3) property acquired or constructed with grants or other Federal assistance may be exposed to risk of loss through floods, thus frustrating the purpose for which such assistance was extended;
(4) Federal instrumentalities insure or otherwise provide financial protection to banking and credit institutions whose assets include a substantial number of mortgage loans and other indebtedness secured by property exposed to loss and damage from floods and mudslides;
(5) the Nation cannot afford the tragic losses of life caused annually by flood occurrences, nor the increasing losses of property suffered by flood victims, most of whom are still inadequately compensated despite the provision of costly disaster relief benefits; and
(6) it is in the public interest for persons already living in flood-prone areas to have both an opportunity to purchase flood insurance and access to more adequate limits of coverage, so that they will be indemnified, for their losses in the event of future flood disasters.
(b) The purpose of this Act, therefore, is to—
(1) substantially increase the limits of coverage authorized under the national flood insurance program;
(2) provide for the expeditious identification of, and the dissemination of information concerning, flood-prone areas;
(3) require States or local communities, as a condition of future Federal financial assistance, to participate in the flood insurance program and to adopt adequate flood plan ordinances with effective enforcement provisions consistent with Federal standards to reduce or avoid future flood losses; and
(4) require the purchase of flood insurance by property owners who are being assisted by Federal programs or by federally supervised, regulated, or insured agencies or institutions in the acquisition or improvement of land or facilities located or to be located in identified areas having special flood hazards.

Source

(Pub. L. 93–234, § 2,Dec. 31, 1973, 87 Stat. 975.)
References in Text

This Act, referred to in subsec. (b), means Pub. L. 93–234, Dec. 31, 1973, 87 Stat. 975, as amended, known as the Flood Disaster Protection Act of 1973. For complete classification of this Act to the Code, see Short Title of 1973 Amendment note set out under section 4001 of this title and Tables.
Codification

Section was enacted as part of the Flood Disaster Protection Act of 1973, and not as part of the National Flood Insurance Act of 1968 which comprises this chapter.

The table below lists the classification updates, since Jan. 3, 2012, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.

The most recent Classification Table update that we have noticed was Tuesday, August 13, 2013

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42 USCDescription of ChangeSession YearPublic LawStatutes at Large

This is a list of parts within the Code of Federal Regulations for which this US Code section provides rulemaking authority.

This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].

It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.


18 CFR - Conservation of Power and Water Resources

18 CFR Part 725 - IMPLEMENTATION OF EXECUTIVE ORDERS 11988, FLOODPLAIN MANAGEMENT AND 11990, PROTECTION OF WETLANDS

44 CFR - Emergency Management and Assistance

44 CFR Part 59 - GENERAL PROVISIONS

44 CFR Part 60 - CRITERIA FOR LAND MANAGEMENT AND USE

44 CFR Part 61 - INSURANCE COVERAGE AND RATES

44 CFR Part 62 - SALE OF INSURANCE AND ADJUSTMENT OF CLAIMS

44 CFR Part 63 - IMPLEMENTATION OF SECTION 1306(c) OF THE NATIONAL FLOOD INSURANCE ACT OF 1968

44 CFR Part 64 - COMMUNITIES ELIGIBLE FOR THE SALE OF INSURANCE

44 CFR Part 65 - IDENTIFICATION AND MAPPING OF SPECIAL HAZARD AREAS

44 CFR Part 66 - CONSULTATION WITH LOCAL OFFICIALS

44 CFR Part 67 - APPEALS FROM PROPOSED FLOOD ELEVATION DETERMINATIONS

44 CFR Part 68 - ADMINISTRATIVE HEARING PROCEDURES

44 CFR Part 70 - PROCEDURE FOR MAP CORRECTION

44 CFR Part 71 - IMPLEMENTATION OF COASTAL BARRIER LEGISLATION

44 CFR Part 72 - PROCEDURES AND FEES FOR PROCESSING MAP CHANGES

44 CFR Part 73 - IMPLEMENTATION OF SECTION 1316 OF THE NATIONAL FLOOD INSURANCE ACT OF 1968

44 CFR Part 75 - EXEMPTION OF STATE-OWNED PROPERTIES UNDER SELF-INSURANCE PLAN

44 CFR Part 78 - FLOOD MITIGATION ASSISTANCE

44 CFR Part 79 - FLOOD MITIGATION GRANTS

44 CFR Part 80 - PROPERTY ACQUISITION AND RELOCATION FOR OPEN SPACE

 

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