Federal Register: June 9, 2000 (Volume 65, Number 112)
DOCID: FR Doc 00-14656
FEDERAL EMERGENCY MANAGEMENT AGENCY
Federal Emergency Management Agency
CFR Citation: 44 CFR Part 62
RIN ID: RIN 3067-AD11
ACTION: Flood insurance program:
DOCUMENT ACTION: Final rule.
National Flood Insurance Program (NFIP); Assistance to Private Sector Property Insurers
EFFECTIVE DATES: October 1, 2000.
We (the Federal Insurance Administration) are revising the effective date of the Financial Assistance/Subsidy Arrangement (``the Arrangement'') to October 1, 2000. The Arrangement governs the duties and obligations of insurers that participate in the Write Your Own (WYO) Program of the National Flood Insurance Program (NFIP) and also sets forth the responsibilities of the Government to provide financial and technical assistance to these insurers.
Write-your-own program—; Private sector property insurers assistance,
On May 21, 1999, we published in the Federal Register (Vol. 64, page 27705) a final rule amending the regulations of the National Flood Insurance Program (NFIP) to include the revised Financial Assistance/Subsidy Arrangement for 19992000. The Arrangement governs the duties and obligations of insurers participating in the Write Your Own (WYO) program of the NFIP and the responsibilities of the Government to provide financial and technical assistance to these insurers. The 19992000 Arrangement ends September 30, 2000. Except for the new effective date of October 1, 2000, the Arrangement for 2000 2001 is unchanged from last year's version. (We have posted the text of the current Arrangement at http://www.fema.gov/nfip/wyoarr99.)
During July 2000 we will send a copy of the offer for the 20002001 Arrangement year to all private insurance companies participating under the current 19992000 Arrangement, together with related materials and submission instructions. Any private insurance company not currently participating in the WYO program but wishing to consider FEMA's offer for 20002001 may request a copy of the offer by writing: Federal Emergency Management Agency, ATTN: Federal Insurance Administrator, WYO Program, Washington, DC 20472.
Administrative Procedure Act Determination
We are publishing this final rule without opportunity for prior
public comment under the Administrative Procedure Act, 5 U.S.C. 553.
This final rule is a rule of agency procedure or practice that is
excepted from the prior public comment requirements of Sec. 553(b). Except as the rule revises the
effective date of the Financial Assistance/Subsidy Arrangement (``the Arrangement'') from October 1, 1999 to October 1, 2000, this rule makes no significant, substantive changes to the Arrangement between FEMA and the WYO companies.
National Environmental Policy Act
The requirements of 44 CFR Part 10, Environmental Consideration, sec. 10.8(d)(2)(i) categorically exclude this final rule. By revising the effective date of the Arrangement, this rule is an administrative action in support of daytoday activities. We have not prepared an environmental impact assessment.
Executive Order 12866, Regulatory Planning and Review
We have reviewed this final rule under the provisions of E.O. 12866 of September 30, 1993, 58 FR 51735 and determined that it is not a significant regulatory action within the meaning of section 2(f) of that executive order. The rule only revises the effective date of the existing Arrangement from October 1, 1999 to October 1, 2000, and makes no other changes to the Arrangement. In all other respects the rule adheres to the regulatory principles set forth in E.O. 12866. The Office of Management and Budget has reviewed this final rule under E.O. 12866.
Paperwork Reduction Act
In accordance with the provisions of the Paperwork Reduction Act of 1995, 44 U.S.C. 3501 et seq., the Office of Management and Budget (OMB) approved the collections of information applicable to this final rule: OMB Number 30670169, Write Your Own (WYO) Program (expires March 31, 2002).
Executive Order 13132, Federalism
We have reviewed this rule under the provisions of under E.O. 13132, Federalism, dated August 4,1999, and have concluded that revision of the effective date of the Arrangement involves no policies that have federalism implications.
Congressional Review of Agency Rulemaking
We have sent this final rule to the Congress and to the General
Accounting Office under the Congressional Review of Agency Rulemaking
Act, Pub. L. 104121. The rule is not a ``major rule'' within the
meaning of that Act. It is an administrative action in support of
normal daytoday activities. It does not result in nor is it likely to
result in an annual effect on the economy of $100,000,000 or more. It
will not result in a major increase in costs or prices for consumers,
individual industries, Federal, State, or local government agencies, or
geographic regions. It will not have ``significant adverse effects'' on
competition, employment, investment, productivity, innovation, or on
the ability of United Statesbased enterprises to compete with foreign
based enterprises. This final rule is exempt from the Paperwork
Reduction Act. The rule is not an unfunded Federal mandate within the
meaning of the Unfunded Mandates Reform Act of 1995, Pub. L. 1044. It
does not meet the $100,000,000 threshold of that Act, and any
enforceable duties are imposed as a condition of Federal assistance or
a duty arising from participation in a voluntary Federal program. List of Subjects in 44 CFR Part 62
Accordingly, amend 44 CFR Part 62 as follows:
PART 62SALE OF INSURANCE AND ADJUSTMENT OF CLAIMS
1. The authority citation for Part 62 continues to read as follows:
Authority: 42 U.S.C. 4001 et seq.; Reorganization Plan No. 3 of 1978, 43 FR 41943, 3 CFR, 1978 Comp., p. 329; E.O. 12127 of Mar. 31, 1979, 44 FR 19367, 3 CFR, 1979 Comp., p. 376.
2. Revise the Effective Date of Appendix A to Part 62 to read as follows:
Appendix A to Part 62Federal Emergency Management Agency, Federal Insurance Administration, Financial Assistance/Subsidy Arrangement * * * * *
Effective Date: October 1, 2000.
(Catalog of Federal Domestic Assistance No. 83.100, ``Flood Insurance'', No. 83.516, ``Disaster Assistance'')
Dated: June 2, 2000.
Jo Ann Howard,
Administrator, Federal Insurance Administration.
[FR Doc. 0014656 Filed 6800; 8:45 am] BILLING CODE 671803P
FOR FURTHER INFORMATION CONTACT
Edward T. Pasterick, Federal Emergency Management Agency, Federal Insurance Administration, (202) 6463443, (facsimile) (202) 6463445, or (email) firstname.lastname@example.org.