[Federal Register Volume 62, Number 199 (Wednesday, October 15, 1997)]
[Proposed Rules]
[Page 53589]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-27254]


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FEDERAL EMERGENCY MANAGEMENT AGENCY

44 CFR Part 61

RIN 3067-AC73


National Flood Insurance Program (NFIP); Standard Flood Insurance 
Policy

AGENCY: Federal Emergency Management Agency (FEMA).

ACTION: Correction to proposed rule.

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SUMMARY: This document contains corrections to the proposed rule that 
was published Tuesday, October 7, 1997, (62 FR 52304). The proposed 
rule related to the increase of the deductible under the Standards 
Flood Insurance Policy from $750 to $1,000 for structures eligible for 
subsidized coverage.

DATES: All comments received on or before November 7, 1997 will be 
considered before final action is taken on the proposed rule.

FOR FURTHER INFORMATION CONTACT: Charles M. Plaxico, Jr., Federal 
Emergency Management Agency, Federal Insurance Administration, 
(202)646-3422, (facsimile) (202)646-4327.

SUPPLEMENTARY INFORMATION:

Background

    The proposed rule would increase the deductible from $750 to $1,000 
under the Standard Flood Insurance Policy for structures eligible for 
subsidized coverage. Section 1308(b) of the National Flood Insurance 
Act of 1968 as amended (42 U.S.C. 4015) limits subsidized premium rates 
to structures built on or before December 31, 1974, or the effective 
date of the Flood Insurance Rate Map, whichever is later.

Need for Correction

    As published, the proposed rule contains errors with respect to the 
statutory date and is in need of correction.

Correction of Publication

    Accordingly, the publication of proposed rule on October 7, 1997, 
which is the subject of FR Doc. 97-26527, is corrected as follows:
    Paragraph C. of Article 7 of Appendix A (1) of 44 CFR Part 61 
[Corrected]
    On page 52305, Paragraph C. of Article 7 of Appendix A (1) to Part 
61, in the tenth line ``December 31, 1994'' is corrected to read 
``December 31, 1974''.
    On page 52305, Paragraph C. of Article 7 of Appendix A (2) to Part 
61, in the tenth line ``December 31, 1994'' is corrected to read 
``December 31, 1974''.
    On page 52305, Paragraph C. of Article 7 of Appendix A (3) to Part 
61, in the seventh and eighth lines ``December 31, 1994'' is corrected 
to read ``December 31, 1974.''
* * * * *
(Catalog of Federal Domestic Assistance No. 83.100, ``Flood 
Insurance''; No. 83.516, ``Disaster Assistance'')

    Dated: October 8, 1997.
Edward T. Pasterick,
Acting Executive Administrator, Federal Insurance Administration.
[FR Doc. 97-27254 Filed 10-14-97; 8:45 am]
BILLING CODE 6718-03-P