42 USC 4083: Settlement of claims; arbitration
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42 USC 4083: Settlement of claims; arbitration Text contains those laws in effect on January 2, 2001
From Title 42-THE PUBLIC HEALTH AND WELFARECHAPTER 50-NATIONAL FLOOD INSURANCESUBCHAPTER II-ORGANIZATION AND ADMINISTRATION OF FLOOD INSURANCE PROGRAMPart C-General Provisions
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§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, §1347, Aug. 1, 1968, 82 Stat. 586 ; Pub. L. 98–181, title IV, §451(d)(1), Nov. 30, 1983, 97 Stat. 1229 .)

Amendments

1983-Pub. L. 98–181 substituted "Director" for "Secretary" wherever appearing.