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"(b) To establish priorities for projects submitted in said budget or to prorate available fl;lnds on the basis of the estimated .:osts of the state highway commi:E,sion of the reconstruction, .repair, .and the restoration of the public highways to their former condition immediately prior to the flood d.l.sasters. "(c) To request the issuance of anticipation warrants payable from the revenues to be derived from the increase in the excise tax imposed by this act. Such anticipation warrants shall be held by the state treasurer at interest not to exceed three per cent per annum. "(d) To do all things necessary to expedite the reconstruction, repair, and the restoration of the publi.c highways in this state damaged or destroyed by the flood disasters." In keeping with the provisions of H.B. 1002, the State Highway Commission approved a budget for the Highway Disaster Relief Fund on July 29, 1965, and the governor added his approval on August II, 1965. Under this budget, receipts from the additional one-cent motor fuels tax are estimated to total $8,300,000. Some $4,209,984 of this total is allocated for relief projects on the federal aid highway and non- federal aid highway sytems in thE! state; added to this will be $4,795,416 in federal funds. So far as the counties and cities are concerned, the budget al- locates $3,949,726 in state funds from the emergency one-cent tax revenues for restoration work on their roads, streets, and bridges, as may be noted in Table III. Under the provisions of Public Law 875, the federal government is adding $5,772,112 to the state funds for a total of $9,721,838. Over-all, on the basis of the budget allocations and the osti- mated revenue, the Highway Disaster Relief Fund has $140,290 in state funds as an unallocated balance or reserve. Summary of Problems Reported to ~ommittee on Disasters During the special session, the members of the General Assembly not only adopted the emergency one-cent increase in the excise tax on motor fuels but they also directed the Legislative Council "to conduct a study of the ways and means the State of Colorado should follow in preparing on a permanent basis to meet disasters of all types, includ- ing recommendations concerning a joint financing arrangement between the state and local governmental units coordinated at the same time with federal aid." (H.J.R. No. 1003, 1965 special session) In another joint resolution, S.J.R. No.3, the Legislative Council was also directed "to study the additional areas of flood prevention by state agencies, flood insurance, and control of flood plain areas." The committee created by the Legislative Council to carry out the directives contained in thesEl two joint resolutions held several meetings to obtain information on the flood disasters in Colorado -- in Denver on July 23, August 23, September 9, and October 13, and in Lamar on August 4. Through information developed at these meetings, the committee anticipated obtaining answers to three general questions: .. 19 ..