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<br />(c) If, after-- <br /> <br />(1) all outstanding obligations of the fund have <br />been liquidated, and <br /> <br />(2) any outstanding amounts which may have been <br />advanced to the fund from appropriations authorized <br />under section 1376(a) (2) (B) have been credited to the <br />appropriation from which advanced, with interest accrued <br />at the rate, prescribed under section 15 (e) of the <br />Federal Flood Insurance Act of 1956, as in effect <br />immediately prior to the enactment of this title, the <br />Director determines that the moneys of the fund are in <br />excess of current needs, he may request ~he investment <br />of such amounts as he deems advisable by the Secretary <br />of the Treasury in obligations issued or guaranteed by <br />the United States. <br /> <br />(d) In the event the Director makes a determination in <br />accordance with the provisions of section 1340 that <br />operation of the flood insurance program, in whole or in <br />part, should be carried out through the facilities of <br />the Federal Government, the fund shall be available for <br />all purposes incident thereto, including-- <br /> <br />(1) cost incurred in the adjustment and payment of <br />any claims for losses, and <br /> <br />(2) payment of applicable operating costs set forth <br />in the schedules prescribed under section 1311, <br /> <br />for so long as the program is so carried out, and in <br />such event any premiums paid shall be deposited by the <br />Director to the credit of the fund. <br /> <br />(e) An annual business-type budget for the fund shall <br />be prepared, transmitted to the eongress, considered, <br />and enacted in the manner prescribed by Section 9103 and <br />9104 of Title 31 United States Code, for wholly-owned <br />Government corporations. <br /> <br />(f) The fund shall be available, with respect to any <br />fiscal year beginning on or after October 1, 1981, only <br />to the extent approved in appropriations Acts; except <br />that the fund shall be available for the purpose <br />described in subsection (d) (1) without such approval. <br /> <br />OPERATING COSTS AND ALLOWANCES <br /> <br />Sec. 1311. (a) The Director shall from time to time <br />negotiate with appropriate representatives of the <br />insurance industry for the purpose of establishing-- <br /> <br />35 <br /> <br />42 use <br />4018 <br />