; and (B) an estimate of the cost of the program to the National Flood Insurance Fund under section 1310 of the National Flood Insurance Act of 1968 ( 42 U.S.C. 4017 ). (h) Definitions For purposes of this section, the following definitions shall apply: (1) Administrator The term Administrator means the Administrator of the Federal Emergency Management Agency. (2) Premium discount The term premium discount means, with respect to a policy for flood insurance coverage under the national flood insurance program made available under the program under this section, the amount by which the full actuarial premium rate for coverage for such property that is determined in accordance with section 1307(a)(1) of the National Flood Insurance Act of 1968 ( 42 U.S.C. 4014(a)(1) ) exceeds the chargeable premium rate for the coverage made available under the program under this section. (i) Termination The authority under this section to provide discounted premium rates for flood insurance coverage shall terminate on May 31, 2024. 103. Premium and fees relief for families and small businesses (a) Repeal of surcharge (1) Repeal Section 1308A of the National Flood Insurance Act of 1968 ( 42 U.S.C. 4015a ) is hereby repealed. (2) Conforming amendments The National Flood Insurance Act of 1968 is amended— (A) in section 1308(m) ( 42 U.S.C. 4015(m) )— (i) in paragraph (1), by striking and the surcharges required under section1308A ’; and (ii) in paragraph (2), by striking or surcharges