Waiver of certain recoupment of funds
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Title VII of the Robert T. Stafford Disaster Relief and Emergency Assistance Act (42 U.S.C. 5121 et seq.) is amended by adding at the end the following: 707. Waiver of certain recoupment of funds (a) In general Notwithstanding subchapter IV of chapter 33 of title 31, United States Code, the Administrator may waive recoupment of funds provided for a covered project that— (1) are otherwise eligible to be recouped by a provision of this Act; and (2) that exceed the total cost of a covered project by not greater than 5 percent. (b) Covered project In this section, the term covered project means a project for which financial assistance was provided under section 403, 406, 407, 428, or 502..