|House Passes Flood Program Requirement for Cities, Counties (Cedar Rapids Gazette, March 25, 2009)|
March 25, 2009
House Passes Flood Program Requirement for Cities, Counties
By: Charlotte Eby
That would allow homeowners and business owners located in the hazard areas to participate in a public flood insurance program that is much cheaper than private flood insurance, supporters said.
The measure passed on a 99-0 vote.
Rep. Tyler Olson, D-Cedar Rapids, said many property owners who saw damages from last year’s flooding did not have flood insurance.
“Because of that, the state, local governments and the federal government are going to incur a lot of costs in recovery and working to prevent the next disaster,” Olson said.
The bill doesn’t force property owners to purchase flood insurance, but makes them eligible to purchase it at a lower rate if they choose.
Click HERE for the full article.
HF 759 saves
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