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6 <br />1 comprehensive, effective, and cost-efficient method <br />2 to reduce losses in floodplains and disaster assist - <br />3 ance expenditures, and such benefits could be en - <br />4 hanced if combined with insurance protection for in- <br />s sured property owners to meet the increased recon - <br />6 struction costs required by Federal, State, or local <br />7 mitigation standards; <br />8 (14) incentives in the form of reduced premium <br />9 rates for flood insurance under the National Flood <br />10 Insurance Program should be provided in commu- <br />11 nities that have adopted and enforced exemplary or <br />12 particularly effective measures for comprehensive <br />13 floodplain and erosion hazard area management; and <br />14 (15) such community-based and individual miti- <br />15 gation and loss prevention methods and incentives <br />16 should be incorporated into the National Flood In - <br />17 surance Program. <br />18 SEC. S. DECLARATION OF PURPOSE UNDER Tim NATIONAL <br />19 FLOOD INSURANCE ACT OF 1988. <br />20 Section 1302(e) of the National Flood Insurance Act <br />21 of 1968 (42 U.S.C. 4001(e)) is amended - <br />22 (1) 'by redesignating paragraphs (3), (4), and <br />23 (5), as paragraphs (4), (5), and (6), respectively; <br />24 and <br />