The act requires the state treasurer to transfer $6 million from the general fund to the forest restoration and wildfire risk mitigation grant program cash fund.
The state treasurer is also required to transfer $3 million from the general fund to the wildfire preparedness fund. The division of homeland security and emergency management in the department of public safety is required to use this money:
- As the state match for federal hazard mitigation assistance grants to local governments that are used to mitigate wildland fire hazards; and
- To provide local governments that are eligible to receive the federal grants with strategic planning assistance for wildland fire hazard mitigation.
The state treasurer is also required to transfer $4 million from the general fund to the Colorado water conservation board construction fund. This money is appropriated to the board for the watershed restoration program to support post-fire recovery and mitigation efforts.
(Note: This summary applies to this bill as enacted.)