[Federal Register Volume 69, Number 85 (Monday, May 3, 2004)]
[Notices]
[Pages 24178-24179]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-9983]


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DEPARTMENT OF HOMELAND SECURITY

Federal Emergency Management Agency


Notice of Adjustment of the Coverage Amount Under the Group Flood 
Insurance Program, for Policies Issued for Disasters Declared on or 
Before October 14, 2002

AGENCY: Federal Emergency Management Agency, Emergency Preparedness and 
Response Directorate, Department of Homeland Security.

ACTION: Notice.

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SUMMARY: FEMA gives notice that the coverage amount for Group Flood 
Insurance Policies issued by the IFG Program for disasters declared on 
or before October 14, 2002 is increased.

Effective Date: October 1, 2003.

FOR FURTHER INFORMATION CONTACT: Berl Jones, Recovery Division, Federal 
Emergency Management Agency, Washington, DC 20472, (202) 646-4235.

SUPPLEMENTARY INFORMATION: 44 CFR 61.17 sets the amount of coverage 
under a Group Flood Insurance Policy (GFIP). Although the current 
version of Sec.  61.17 sets this amount as equivalent to the maximum 
grant amount established under section 408 of the Robert T. Stafford 
Disaster Relief and Emergency Assistance Act, (42 U.S.C. 5174,) prior 
to October 15, 2002, this regulation set the amount of coverage as 
equivalent to the maximum grant amount under the Individual and Family 
Grant (IFG) program under section 411 of the Stafford Act (42 U.S.C. 
5178,) see 67 FR 61462, Sept. 30, 2002. Section 411 was repealed as of 
October 15, 2002. Because FEMA's policy is to apply regulations in 
force on the date of a disaster declaration to all assistance provided 
during that disaster (which in this case is also the time that the 
policies were issued), we will set the coverage for GFIP based upon the 
same criteria used to adjust the maximum IFG grant amount under section 
411 for GFIP polices issued for those disasters declared prior to the 
repeal of section 411. Since section 411 has been repealed this 
adjustment is made solely for purposes of establishing the GFIP 
coverage amount for policies issues for

[[Page 24179]]

disasters declared on or before October 14, 2002.
    The Stafford Act prescribed for the annual adjustment of grants 
made under Section 411, IFG Program, to reflect changes in the Consumer 
Price Index for All Urban Consumers published by the Department of 
Labor. If the IFG program were still in effect, the maximum grant 
amount for the IFG Program under Section 411 of the Act, would have 
been increased to $15,300 for fiscal year 2004. As a result the 
coverage amount for GFIP is adjusted to $15,300.
    FEMA bases the adjustments on an increase in the Consumer Price 
Index for All Urban Consumers of 2.2 percent for the 12-month period 
ended in August 2003. The Bureau of Labor Statistics of the U.S. 
Department of Labor released the information on September 18, 2003.

(Catalog of Federal Domestic Assistance No. 97.035, Individual and 
Family Grant Program.)


    Dated: April 27, 2004.
Michael D. Brown,
Under Secretary, Emergency Preparedness and Response, Department of 
Homeland Security.
[FR Doc. 04-9983 Filed 4-30-04; 8:45 am]
BILLING CODE 9110-10-P