CO SB054

Transfers $6 million from the general fund to the forest restoration and wildfire risk mitigation grant program cash fund upon the bill's effective date.

Transfers $3 million from the general fund to the wildfire preparedness fund to serve as state match for federal hazard mitigation assistance grants to local governments and to provide strategic planning assistance for wildland fire hazard mitigation.

Transfers $4 million from the general fund to the Colorado water conservation board construction fund, with $4 million appropriated for the 2020-21 fiscal year to support post-fire recovery and watershed restoration efforts.

Clarifies that money transferred from the healthy forests and vibrant communities fund may only be used for specified wildfire preparedness purposes and sets out restrictions on the governor's authority to access and designate funds.