Public Law 119-73 (01/23/2026)

42 U.S.C. § 4054

Premium equalization payments; basis; aggregate amount; establishment of designated periods

(a)
section 4051 of this titlesection 4015 of this titlesection 4014(a)(1) of this title The Administrator, on such terms and conditions as he may from time to time prescribe, shall make periodic payments to the pool formed or otherwise created under , in recognition of such reductions in chargeable premium rates under below estimated premium rates under as are required in order to make flood insurance available on reasonable terms and conditions.
(b)
Designated periods under this section and the methods for determining the sum of premiums paid or payable during such periods shall be established by the Administrator.

Pub. L. 90–448, title XIII, § 133482 Stat. 583Pub. L. 93–234, title I, § 11187 Stat. 981Pub. L. 98–181, title I97 Stat. 1229Pub. L. 112–141, div. F, title II, § 100238(b)(1)126 Stat. 958(, , ; , , ; [title IV, § 451(d)(1)], , ; , , .)

Editorial Notes

Amendments

Pub. L. 112–1412012— substituted “Administrator” for “Director” in subsecs. (a) and (b).

Pub. L. 98–1811983— substituted “Director” for “Secretary” in subsecs. (a) and (b).

Pub. L. 93–2341973—Subsecs. (b), (c). redesignated subsec. (c) as (b) and struck out former subsec. (b) prescribing formula for sharing losses between Government and industry and permit necessary flexibility in loss sharing to take into account longer-term loss experience trends and to compensate for lack of precision in actuarial computations.

Statutory Notes and Related Subsidiaries

Effective Date

section 1377 of Pub. L. 90–448section 4001 of this titleSection effective 120 days following , or such later date prescribed by the Secretary but in no event more than 180 days following , see , set out as a note under .

Transfer of Functions

section 315(a)(1) of Title 6For transfer of all functions, personnel, assets, components, authorities, grant programs, and liabilities of the Federal Emergency Management Agency, including the functions of the Under Secretary for Federal Emergency Management relating thereto, to the Federal Emergency Management Agency, see , Domestic Security.

section 542 of Title 6For transfer of functions, personnel, assets, and liabilities of the Federal Emergency Management Agency, including the functions of the Director of the Federal Emergency Management Agency relating thereto, to the Secretary of Homeland Security, and for treatment of related references, see former section 313(1) and sections 551(d), 552(d), and 557 of Title 6, Domestic Security, and the Department of Homeland Security Reorganization Plan of , as modified, set out as a note under .