2018 Colorado Revised Statutes
Title 24 - Government - State
Principal Departments
Article 33.5 - Public Safety
Part 7 - Emergency Management
§ 24-33.5-706. Disaster emergency fund - established - financing - legislative intent - repeal
(1) It is the intent of the general assembly and declared to be the policy of the state that funds to meet disaster emergencies shall always be available.
(2) (a) A disaster emergency fund is hereby established. The fund consists of any moneys appropriated by the general assembly, moneys transferred pursuant to subsections (2.5) and (4)(b) of this section, and moneys to reimburse expenditures from the fund that are transmitted to the state treasurer and credited to the fund. Moneys in the disaster emergency fund shall remain in the fund until expended or until transferred pursuant to subsection (2.5)(c), (4.3), or (4.5) of this section.
(b) Repealed.
(2.5) (a) The 2013 flood recovery account is hereby created in the disaster emergency fund. The account consists of money transferred in accordance with subsection (2.5)(b) of this section and any money that the general assembly specifically appropriates to the account. The money that is transferred or appropriated to the account is to be used for the costs associated with the response and recovery from the flood that occurred in the state in 2013. The governor shall not use the money in the account for any other purpose.
(b) On July 1, 2017, the state treasurer shall transfer twelve million five hundred thousand dollars from the general fund to the 2013 flood recovery account in the disaster emergency fund.
(c) This subsection (2.5) is repealed, effective June 30, 2021. The state treasurer shall transfer any unexpended money remaining in the 2013 flood recovery account as of that date to the general fund.
(3) Repealed.
(4) (a) It is the legislative intent that first recourse be to money regularly appropriated to state and local agencies. If the governor finds that the demands placed upon this money in coping with a particular disaster are unreasonably great, the governor may make money available from the disaster emergency fund.
(b) If money available from the disaster emergency fund is insufficient, the governor may transfer to the fund and expend money appropriated for other purposes.
(4.3) If the disaster emergency fund is credited with reimbursements of moneys previously expended to cope with a particular disaster, to the extent that all or a portion of those moneys were transferred and expended by the governor pursuant to paragraph (b) of subsection (4) of this section, the governor may transfer moneys to the funds as repayment for the amounts the governor originally transferred from said funds to the disaster emergency fund.
(4.5) (a) The governor may, from time to time as the governor deems necessary based on his or her determination that a disaster emergency is imminent, direct the state treasurer to transfer, and the state treasurer shall transfer, moneys from the disaster emergency fund to the resource mobilization fund created in section 24-33.5-705.4 (6).
(b) The governor may, from time to time as the governor deems necessary based on his or her determination that a wildfire-related disaster emergency is imminent, direct the state treasurer to transfer, and the state treasurer shall transfer, moneys from the disaster emergency fund to the wildfire emergency response fund created in section 24-33.5-1226 (1).
(5) The director of the division of homeland security and emergency management is authorized to establish, pursuant to article 4 of this title 24, the rules that govern the reimbursement of funds to state agencies and political subdivisions and to promulgate such rules.
(6) Nothing in this section limits the governor's authority to apply for, administer, and expend grants, gifts, or payments in aid of disaster prevention, preparedness, response, or recovery.
