The White House
President George W. Bush
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For Immediate Release
Office of the Press Secretary
March 23, 2006

Memorandum for the Secretary of 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.


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