Predisaster hazard mitigation

Section 203(i) of the Robert T. Stafford Disaster Relief and Emergency Assistance Act (42 U.S.C. 5133) is amended— (1) in paragraph (1), by striking may set aside and inserting shall set aside; and (2) by adding at the end the following: (4) Prohibition The President may not use amounts set aside under paragraph (1) for a purpose other than a purpose described in paragraph (1). (5) Requirement Of the amounts set aside under paragraph (1) each fiscal year, the President shall obligate not less than the lesser of— (A) 10 percent; and (B) $500,000,000, as adjusted annually to reflect changes in the Consumer Price Index for All Urban Consumers published by the Department of Labor..