(a) The floodplain management account is an account of the resiliency fund.
(b) The account consists of:
(1) money deposited to the credit of the account under Section 251.004, Insurance Code;
(2) money directly appropriated to the board; and
(3) money from gifts or grants from the United States government, local or regional governments, private sources, or other sources.
(c) The board may use the account to provide financing for activities related to:
(1) the collection and analysis of flood-related information;
(2) flood planning, protection, mitigation, or adaptation;
(3) the provision of flood-related information to the public through educational or outreach programs; or
(4) evaluating the response to and mitigation of flood incidents affecting residential property, including multifamily units, located in floodplains.