ALPOM&R meeting 2/7/11

I restoration and flood mitigation projects throughout the state.
2 (2) The moneys appropriated in subsection (1) of this section
3 remain available for the designated purposes until they are fully
4 expended.
5 SECTION 5. Repurposing of the flood response program and
6 restoration of the flood response fund balance. (1) The state treasurer
7 shall transfer a total of $300,000, or so much thereof as may be necessary,
8 from the unreserved cash in the Colorado water conservation board
9 construction fund to the flood response fund created in section
10 37 -60- 123.2, Colorado Revised Statutes, in order to restore the
11 unencumbered balance in the flood response fund to $300,000.
12 (2) The moneys appropriated in subsection (1) of this section shall
13 remain available for the designated purposes until they are fully
14 expended.
15 SECTION 6. In Colorado Revised Statutes, amend 37 -60 -123.2
16 as follows:
17 37 -60- 123.2. Flood and drought response fund - created. There
18 is hereby created in the state treasury the flood AND DROUGHT response
19 fund, referred to in this section as the "response fund ". The state treasurer
20 is hereby authorized and directed to transfer three hundred thousand
21 dollars from the Colorado water conservation board construction fund to
22 the response fund. The board is authorized to provide funding for flood
23 AND DROUGHT preparedness and for response and recovery activities
24 following flood OR DROUGHT events and disasters. The moneys in the
25 response fund are hereby continuously appropriated to the board for flood
26 AND DROUGHT response purposes, including but not limited to, the
27 immediate availability of funds for aerial photography of flooded areas,
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