ABC Evening News for Wednesday, Oct 12, 1977
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(Studio) President Carter signs bill appropriating money to rehabilitate urban areas. Bill carries amendment with regard to building in flood-prone areas. REPORTER: Barbara Walters
(Cape Giradeau, Missouri) (Films of Johnstown, Pennsylvania, flood shown.) 4 years ago, Congress developed program for ntly. subsidized flood insurance; success of program noted. But now, amendment to urban bill Carter has signed would undercut program. In return for subsidy on flood insurance, government has required towns to use minimum building standards in flood areas. This has brought objections from towns like Cape Giradeau, on Mississippi River. Program requires that developers use expensive flood-proofing techniques; developers and city officials don't like it. [Cape Giradeau Mayor Howard TOOKE - thinks it's beyond responsibility of federal or any other government to protect man if he wishes to take risk of endangering own property.] Dvt. in Cape Giradeau goes on; residents say it's more important than flood insurance As he signs bill, President acknowledges provision will hurt flood insurance program, but any big bill has compromise.
REPORTER: Charles Gibson
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