Title 42 — The Public Health and Welfare
Chapter 50 — National Flood Insurance
§ 4029. Colorado River Floodway
Statutory text
Renewal and transfer of policies; acquisition of policies after filing of maps
Owners of existing National Flood Insurance Act policies with respect to structures located within the Floodway established under section 1600c of title 43 shall have the right to renew and transfer such policies. Owners of existing structures located within said Floodway on , who have not acquired National Flood Insurance Act policies shall have the right to acquire policies with respect to such structures for six months after the Secretary of the Interior files the Floodway maps required by section 1600c(b)(2) 1 of title 43 and to renew and transfer such policies.
New coverage for new construction or substantial improvements
No new flood insurance coverage may be provided under this chapter on or after a date six months after , for any new construction or substantial improvements of structures located within the Colorado River Floodway established by section 1600c of title 43. New construction includes all structures that are not insurable prior to that date.
Establishment of temporary boundaries
The Secretary of the Interior may by rule after notice and comment pursuant to section 553 of title 5 establish temporary Floodway boundaries to be in effect until the maps required by section 1600c(b)(2) 1 of title 43 are filed, for the purpose of enforcing subsections (b) and (d) of this section.
Loans by federally supervised, approved, regulated, or insured financial institutions
A regulated lending institution or Federal agency lender may make loans secured by structures which are not eligible for flood insurance by reason of this section: Provided, That prior to making such a loan, such institution determines that the loans or structures securing the loan are within the Floodway.
Footnotes
- 1 See References in Text note below.
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
Housing and Urban Development Act of 1968
Pub. L. 90–448 title XIII § 1322 · 82 Stat. 476
Enacted · 42 U.S.C. § 4029
Pub. L. 90–448, title XIII, § 1322, as added Pub. L. 99–450, § 12, Oct. 8, 1986, 100 Stat. 1135
Source evidence
Code source credit
Pub. L. 90–448, title XIII, § 1322, as added Pub. L. 99–450, § 12, Oct. 8, 1986, 100 Stat. 1135Housing and Community Development Act of 1987
Pub. L. 100–242 title V § 545(e) · 101 Stat. 1815
Inserted · 42 U.S.C. § 4029
Pub. L. 100–242 inserted section catchline
Source evidence
Code amendment note
Pub. L. 100–242 inserted section catchline.Enacted provision · exact public law section
(e) Flood Insurance in Colorado River Floodway.— The National Flood Insurance Act of 1968 is amended by inserting the 42 USC 4029. following section heading for section 1322: “Colorado river floodway”.Community Development Banking and Financial Institutions Act of 1994
Pub. L. 103–325 title V § 512(b) · 108 Stat. 2160
Substituted · 42 U.S.C. § 4029(d)
Pub. L. 103–325 substituted “regulated lending institution or Federal agency lender” for “federally supervised, approved, regulated or insured financial institution”
Source evidence
Code amendment note
Subsec. (d). Pub. L. 103–325 substituted “regulated lending institution or Federal agency lender” for “federally supervised, approved, regulated or insured financial institution”.Enacted provision · exact public law section
(b) Conforming Amendment.— Section 1322(d) of the National Flood Insurance Act of 1968 (42 U.S.C. 4029(d)) is amended by striking “federally supervised, approved, regulated or insured financial institution” and inserting “regulated lending institution or Federal agency lender”.
2 of 3 references resolved to an enrolled provision · 1 partial
Editorial Notes
References in Text
The National Flood Insurance Act, referred to in subsec. (a), probably means the National Flood Insurance Act of 1968, title XIII of Pub. L. 90–448, , 82 Stat. 572, which is classified principally to this chapter (§ 4001 et seq.). For complete classification of this Act to the Code, see Short Title note set out under section 4001 of this title and Tables.
Section 1600c(b)(2) of title 43, referred to in subsecs. (a) and (c), was struck out and former subsec. (b)(1)(ii) redesignated (b)(2) of section 1600c by Pub. L. 105–362, title IX, § 901(d)(1), , 112 Stat. 3289. As amended, section 1600c(b)(2) no longer relates to maps required to be prepared and filed by the Secretary.
This chapter, referred to in subsec. (b), was in the original a reference to “this title” meaning title XIII of Pub. L. 90–448, , 82 Stat. 572, known as the National Flood Insurance Act of 1968, which is classified principally to this chapter. For complete classification of this Act to the Code, see Short Title note set out under section 4001 of this title and Tables.
Amendments1988–1994 · 2 rounds
1994
Subsec. (d). Pub. L. 103–325 substituted “regulated lending institution or Federal agency lender” for “federally supervised, approved, regulated or insured financial institution”.
1988
Pub. L. 100–242 inserted section catchline.
Credits
1986–1994 · 3 acts
- 1986Pub. L. 90–448, title XIII, § 1322, as added Pub. L. 99–450, § 12, , 100 Stat. 1135
- 1988amended Pub. L. 100–242, title V, § 545(e), , 101 Stat. 1942
- 1994Pub. L. 103–325, title V, § 512(b), , 108 Stat. 2257.
Show as published
(Pub. L. 90–448, title XIII, § 1322, as added Pub. L. 99–450, § 12, , 100 Stat. 1135; amended Pub. L. 100–242, title V, § 545(e), , 101 Stat. 1942; Pub. L. 103–325, title V, § 512(b), , 108 Stat. 2257.)