; and (2) outlines how the Administrator could use income eligibility for other Federal programs to determine eligibility for participation in the program established under this Act. (f) Appropriation (1) In general There is appropriated, annually, to the Administrator, out of any money in the Treasury not otherwise appropriated, $250,000,000, to carry out the program established by the Administrator under subsection (a). (2) Expenditure requirement The Administrator shall, each fiscal year, expend not less than 95 percent of the amount appropriated for such fiscal year under paragraph (1). 3. Monthly installment payment for premiums Not later than 180 days after the date of enactment of this Act, the Administrator shall— (1) implement the requirement for monthly installment payments of premiums provided under section 1308(g) of the National Flood Insurance Act of 1968 ( 42 U.S.C. 4015(g) ); or (2) submit to Congress an explanation of the reasons why the Administrator cannot implement the requirement described in paragraph (1) during that 180-day period. 4. Definitions In this Act: (1) Administrator The term Administrator means the Administrator of the Federal Emergency Management Agency. (2) Covered property The term covered property means— (A) a primary residential dwelling; or (B) personal property relating to a dwelling described in subparagraph (A). (3) Eligible policyholder The term eligible policyholder means— (A) a person who— (i) is a national flood insurance program policyholder on or after the date of the enactment of this Act; and (ii) has a household income that is not more than 120 percent of the area median income for the area in which the property to which the policy applies is located; (B) a business with not more than 100 employees that— (i) is a national flood insurance program policyholder on or after the date of the enactment of this Act; and (ii) satisfies the hardship metric published by the Administrator under section 2