[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[S. 1386 Introduced in Senate (IS)]







109th CONGRESS
  1st Session
                                S. 1386

  To exclude from consideration as income certain payments under the 
                   national flood insurance program.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             July 13, 2005

 Mr. Martinez introduced the following bill; which was read twice and 
    referred to the Committee on Banking, Housing, and Urban Affairs

_______________________________________________________________________

                                 A BILL


 
  To exclude from consideration as income certain payments under the 
                   national flood insurance program.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. TREATMENT OF CERTAIN PAYMENTS UNDER NATIONAL FLOOD INSURANCE 
              PROGRAM.

    Chapter I of the National Flood Insurance Act of 1968 (42 U.S.C. 
4011 et seq.) is amended by adding at the end the following new 
section:

``SEC. 1324. TREATMENT OF CERTAIN PAYMENTS.

    ``Assistance provided under a program under this title for flood 
mitigation activities (including any assistance provided under the 
mitigation pilot program under section 1361A, any assistance provided 
under the mitigation assistance program under section 1366, and any 
funding provided under section 1323) with respect to a property shall 
not be considered income or a resource of the owner (or any lessee or 
user) of the property when determining eligibility for or benefit 
levels under any income assistance or resource-tested program that is 
funded in whole or in part by an agency of the United States or by 
appropriated funds of the United States.''.
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