; (ix) reinsurance, capital markets, catastrophe bonds, collateralized reinsurance, resilience bonds, and other insurance-linked securities, and other risk transfer opportunities; and (x) any other factor the Administrator determines appropriate. (D) Multi-year contracts Nothing in this paragraph may be construed to prevent or prohibit the Administrator from complying with the requirement under subparagraph (A) regarding ceding risk through contracts having a duration longer than one year. . 4. Private or community flood maps Section 100215 of the Biggert-Waters Flood Insurance Reform Act of 2012 ( 42 U.S.C. 4101a ) is amended by adding at the end the following new subsection: (m) Private or community flood maps (1) Standards and procedures In addition to the other duties of the Council under this section, not later than the expiration of the 12-month period beginning on the date of the enactment of this subsection, the Council shall develop and establish a set of standards, guidelines, and procedures for— (A) State and local governments, federally or State recognized Metropolitan Planning Organizations (MPOs), federally or State recognized Councils of Local Governments, and federally or State recognized Rural Transportation Planning Organizations to use in mapping flood risks and developing alternative maps to the flood insurance rate maps developed by the Agency; and (B) certification, by the Administrator and within 90 days of submission, of such maps for use under the National Flood Insurance Program in the case of any area covered by a flood insurance rate map developed or approved by the Administrator which has not been updated or reissued for 36 months or longer. (2) Treatment Upon certification of a map pursuant to paragraph (1)(B), such map— (A) shall be considered the flood insurance rate map in effect for all purposes of the National Flood Insurance Program, with respect to the area covered by the map