Flood Disaster Protection Act

[AI summary unavailable — showing source text] Flood Disaster Protection Act - Title I: Expansion of National Flood Insurance Program - Increases, under the National Flood Insurance Act, to $35,000 the aggregate liability for any single-family dwelling, and to $100,000 for any residential structure containing more than one dwelling unit. Increases to $100,000 the aggregate liability in the case of business properties which are owned, leased and operated by small business concerns. Increases, in the case of any other properties which may become eligible for flood insurance coverage under the Act, to $100,000 the aggregate liability for any single structure, and to $100,000 the aggregate liability per unit for any contents related to such unit. (Amends 42 U.S.C. 4013) Provides that no Federal office or agency shall approve any financial assistance for acquisition or construction purposes on and after July 1, 1973, for use in any area that has been identified by the Secretary of Housing and Urban Development as an area having special flood hazards and in which the sale of flood insurance is authorized under this Act, unless the building or mobile home and any personal property to which such financial assistance relates is, during …