Section, [Pub. L. 90–448, title XIII, § 1362], Aug. 1, 1968, [82 Stat. 588]; [Pub. L. 95–128, title VII, § 704(b)], Oct. 12, 1977, [91 Stat. 1145]; [Pub. L. 98–181, title I] [title IV, § 451(d)(1)], Nov. 30, 1983, [97 Stat. 1229], related to purchase, by Director, of insured properties damaged substantially beyond repair by flood, for subsequent transfer to State or local agency upon negotiated conditions.
Savings Provision
[Pub. L. 103–325, title V, § 551(c)], Sept. 23, 1994, [108 Stat. 2269], required the Director of the Federal Emergency Management Agency to comply with any purchase or loan commitment entered into before the expiration of the 1-year period beginning on Sept. 23, 1994, pursuant to authority under this section or [section 551(b) of Pub. L. 103–325].
Transition Phase
[Pub. L. 103–325, title V, § 551(b)], Sept. 23, 1994, [108 Stat. 2269], permitted the Director of the Federal Emergency Management Agency to enter into loan and purchase commitments as provided under this section (as in effect immediately before the enactment of [Pub. L. 103–325]) during the 1-year period beginning on Sept. 23, 1994.
