10-3-316. Hazard mitigation assistance grants -- acceptance -- statutory appropriation. (1) The division may accept hazard mitigation assistance grants whenever the federal government or an agency or officer of the federal government offers funding in the form of grants to the state. Hazard mitigation assistance grants provide funding for eligible mitigation activities that reduce disaster losses and protect life and property from future disaster damages.

(2) All funds received as allowed in subsection (1) are statutorily appropriated, as provided in 17-7-502, to the division for the purposes described in subsection (1).