Memorandum on the National Flood Insurance Program,
March 23, 2006

Memorandum for the Secretary of the Homeland Security

Subject: National Flood Insurance Program

Pursuant to the authority vested in me by the Constitution and laws of the United States, including 42 U.S.C. 4016, I have reviewed and hereby approve your request to issue notes to the Secretary of the Treasury in excess of $18.5 billion, but not to exceed $20.775 billion, for the National Flood Insurance Program.

George W. Bush