Reserve Fund

42 U.S. Code § 4017a. Reserve Fund

(a) Establishment of Reserve FundIn carrying out the flood insurance program authorized by this subchapter, the Administrator shall establish in the Treasury of the United States a National Flood Insurance Reserve Fund (in this section referred to as the “Reserve Fund”) which shall—
(1)
be an account separate from any other accounts or funds available to the Administrator; and
(2) be available for meeting the expected future obligations of the flood insurance program, including—
(A)
the payment of claims;
(B)
claims adjustment expenses; and
(C)
the repayment of amounts outstanding under any note or other obligation issued by the Administrator under section 4016(a) of this title.
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