Page:United States Statutes at Large Volume 108 Part 3.djvu/531

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PUBLIC LAW 103-325—SEPT. 23, 1994 108 STAT. 2283 cost-beneficial compared to alternative uses of such amounts, including— (A) funding the mitigation assistance program under section 1366 of the National Flood Insurance Act of 1968 (as added by section 553 of this Act); (B) funding the program under section 1304(b) of the National Flood Insurance Act of 1968 (as added by section 555(a) of this Act) that provides additional coverage under the national flood insurance program for compliance with land use and control measures; and (C) reviewing, revising, and updating flood insurance rate maps under subsections (e) and (f) of section 1360 of the National Flood Insurance Act of 1968 (as added by the amendment made by section 575 of this Act); (3) if the Director determines under subsection (b)(1) that mapping of riverine areas for erosion hazard areas is technologically feasible, determine the costs and benefits of conducting the mapping of erosion hazards in riverine areas (A) separately from the mapping of other erosion hazard areas, and (B) together with the mapping of other such areas; (4) if the Director determines that the savings to the National Flood Insurance Fund will exceed the cost of mapping erosion hazard areas in riverine areas, assess whether using flood insurance premiums for costs of mapping erosion hazard areas in riverine areas is cost-beneficial compared to alternative uses of such amounts, including the uses under subparagraphs (A) through (C) of paragraph (2); and (5) determine the costs and benefits of mapping erosion, other than those directly related to the financial condition of the National Flood Insurance Program, and the costs of not mapping erosion. (e) DEFINITION.— For purposes of this section, the term "erosion hazard area" means, based on erosion rate information and other historical data available, an area where erosion or avulsion is likely to result in damage to or loss of buildings and infrastructure within a 60-year period. (f) CONSULTATION.— In preparing the report under this section, the Director shall consult with— (1) representatives from State coastal zone management programs approved under section 306 of the Coastal Zone Management Act of 1972; (2) the Administrator of the National Oceanic and Atmospheric Administration; and (3) any other persons, officials, or entities that the Director considers appropriate. (g) SUBMISSION.— The Director shall submit the report to the Reports. Congress as soon as practicable, but not later than 2 years after the date of enactment of this Act. (h) AVAILABILITY OF NATIONAL FLOOD INSURANCE FUND. — Section 1310(a) of the National Flood Insurance Act of 1968 (42 U.S.C. 4017(a)) is amended— (1) in the matter preceding paragraph (1), by inserting "(except as otherwise provided in this section)" after "without fiscal year limitation"; and (2) by inserting after paragraph (7) (as added by the preceding provisions of this title) the following new paragraph: