Establishes a disaster emergency fund, sets timelines for closing out disasters, and limits the fund's balance.

The bill establishes a disaster emergency fund in Colorado, which will receive money from appropriations, transfers, and reimbursements. It sets timelines for closing out disasters, requiring the Department of Public Safety to report to the Office of State Planning and Budgeting when all administrative actions and required work for a disaster are complete. The Office of State Planning and Budgeting must then close out the disaster by removing the subaccount and transferring any remaining balance back to the original source.

Establishes a disaster emergency fund, sets timelines for closing out disasters, and limits the fund's balance.

The bill establishes a disaster emergency fund in Colorado, which will receive money from appropriations, transfers, and reimbursements. It sets timelines for closing out disasters, requiring the Department of Public Safety to report to the Office of State Planning and Budgeting when all administrative actions and required work for a disaster are complete. The Office of State Planning and Budgeting must then close out the disaster by removing the subaccount and transferring any remaining balance back to the original source.