About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline

RCED-83-53 1 (1983-01-03)

handle is hein.gao/gaobabdux0001 and id is 1 raw text is: 


                                                                7) 4-Je


REPORT BY THE


Comptroller General


OF THE UNITED STATES


National Flood Insurance Program

--Major Changes Needed If It Is

To Operate Without A Federal Subsidy


This report examines (1) how the Federal
Emergency Management Agency's Federal
Insurance Administration establishes rates
for the National Flood Insurance Program,
(2) whether it is possible to eliminate the
Federal subsidy and make the program self-
sustaining, and (3) if the flood insurance
revolving fund is an appropriate mechanism
for financing the program.

GAO is recommending that the Agency
improve its ratesetting process to collect
adequate premium income and that the
Congress review how flood insurance is
financed because of the reduced congres-
sional control inherent in using a revolving
fund. Eliminating the subsidy could nega-
tively affect participation in the program.
Therefore, GAO believes the Congress needs
to consider carefully elimination of the
subsidy.


C)
z

7


U


)ANGAO/RCED-83-63
                                               JANUARY 3, 1983


0 2, 486T .


/ I

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Contact us for annual subscription options:

Already a HeinOnline Subscriber?

profiles profiles most