C.R.S. § 24-33.5-706.5

(1) The hazard mitigation fund is hereby created in the state treasury. The fund consists of money transferred to the fund pursuant to subsection (4) of this section and any other money that the general assembly may appropriate or transfer to the fund. (2) The state treasurer shall credit all interest and income derived from the deposit and investment of money in the hazard mitigation fund to the fund. (3) Money in the hazard mitigation fund is continuously appropriated to the department to assist local jurisdictions in obtaining the matching funds required for certain federal hazard mitigation grants. (4) On June 15, 2021, if possible, or as soon as possible thereafter, the state treasurer shall transfer three million dollars from the wildfire preparedness fund established in section 24-33.5-1227 to the hazard mitigation fund.