
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 23, 2000]
[Document not affected by Public Laws enacted between
  January 23, 2000 and December 4, 2001]
[CITE: 42USC4083]

 
                 TITLE 42--THE PUBLIC HEALTH AND WELFARE
 
                  CHAPTER 50--NATIONAL FLOOD INSURANCE
 
   SUBCHAPTER II--ORGANIZATION AND ADMINISTRATION OF FLOOD INSURANCE 
                                 PROGRAM
 
                       Part C--General Provisions
 
Sec. 4083. Settlement of claims; arbitration

    (a) The Director is authorized to make final settlement of any 
claims or demands which may arise as a result of any financial 
transactions which he is authorized to carry out under this subchapter, 
and may, to assist him in making any such settlement, refer any disputes 
relating to such claims or demands to arbitration, with the consent of 
the parties concerned.
    (b) Such arbitration shall be advisory in nature, and any award, 
decision, or recommendation which may be made shall become final only 
upon the approval of the Director.

(Pub. L. 90-448, title XIII, Sec. 1347, Aug. 1, 1968, 82 Stat. 586; Pub. 
L. 98-181, title IV, Sec. 451(d)(1), Nov. 30, 1983, 97 Stat. 1229.)


                               Amendments

    1983--Pub. L. 98-181 substituted ``Director'' for ``Secretary'' 
wherever appearing.
