PRESIDENT PLEDGES MONEY TO REBUILD IN SOUTH FLORIDA
President Bush came here today and promised to rebuild Homestead Air Force Base, an economic mainstay of South Florida that was virtually destroyed last week by Hurricane Andrew. In a three-hour visit this morning, he also said the Federal Government would pay almost all the costs of rebuilding public property and services in Florida. Ordinarily the Federal Government would pay 75 percent of such costs and the affected state would pay 25 percent. Washington, however, has paid the entire cleanup bill for at least one other recent disaster, Hurricane Hugo in 1989. No Estimate on Cost In addition, the Federal Emergency Management Agency will issue grants of up to $11,500 to families who can prove they lack insurance for their homes or belongings or who are not being helped adequately by other emergency services.