Colorado § 37-60-123.2 Flood and drought response fund - created

Colorado Statutes

§ 37-60-123.2 — Flood and drought response fund - created

Colorado § 37-60-123.2

Title 37Water and

Art.Colorado Water Conservation Board

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Bluebook

Colo. Rev. Stat. § 37-60-123.2 (2026).

Text

(1)There is hereby created in the state treasury the flood and drought response fund, referred to in this section as the response fund. On July 1, 2019, and on each July 1 thereafter, in addition to any remaining balance in the response fund at the end of the fiscal year, the state treasurer is hereby authorized and directed to annually transfer up to five hundred thousand dollars from the Colorado water conservation board construction fund to the response fund to restore the unencumbered balance in the response fund to five hundred thousand dollars. The board is authorized to provide funding for flood and drought preparedness and for response and recovery activities following flood or drought events and disasters. The money in the response fund is hereby continuously appropriat

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(1) There is
hereby created in the state treasury the flood and drought response fund, referred
to in this section as the response fund. On July 1, 2019, and on each July 1
thereafter, in addition to any remaining balance in the response fund at the end of
the fiscal year, the state treasurer is hereby authorized and directed to annually
transfer up to five hundred thousand dollars from the Colorado water conservation
board construction fund to the response fund to restore the unencumbered balance
in the response fund to five hundred thousand dollars. The board is authorized to
provide funding for flood and drought preparedness and for response and recovery
activities following flood or drought events and disasters. The money in the
response fund is hereby continuously appropriated to the board for flood and
drought response purposes, including the immediate availability of funds for aerial
photography of flooded areas, flood and drought documentation and identification
of specific hazards, evaluations and revisions of floodplain designations and
drought-prone areas, flood and drought forecasting and preparation, and
development of disaster and recovery mitigation plans. The state treasurer shall
credit all interest derived from the investment of money in the response fund to the
Colorado water conservation board construction fund. Any balance remaining in the
response fund at the end of any fiscal year remains in the fund.

(2) Repealed.

Legislative History

Source: L. 2001: Entire section added, p. 689, � 24, effective May 30. L. 2007: Entire section amended, p. 1519, � 24, effective May 31. L. 2012, 1st Ex. Sess.: Entire section amended, (SB 12S-002), ch. 1, p. 2416, � 6, effective May 19. L. 2014: Entire section amended, (SB 14-179), ch. 227, p. 845, � 1, effective May 17; entire section amended, (HB 14-1333), ch. 356, p. 1661, � 18, effective June 6. L. 2015: (2)(e) amended, (SB 15-253), ch. 192, p. 638, � 15, effective May 14. L. 2019: (1) amended, (SB 19-221), ch. 221, p. 3668, � 14, effective June 3.