Bipartisan bill proposes fee-based hazard mitigation enterprise; to fall outside TABOR revenue limits
January 22, 2020 By Scott Weiser
Hazard mitigation controlled burn
Courtesy of W. Perry Conway
DENVER–House members Matt Soper, R-Grand Junction and Lisa Cutter, D-Jefferson County are proposing to create a new state-owned hazard mitigation enterprise that would collect a 0.05% fee on certain policies from insurance companies.
The enterprise would in part “assist entities that apply for federal grants that require matching funds and are dedicated to assisting in the implementation of pre-disaster hazard mitigation measures.”
Other tasks include “public education on the importance of insurance in buying down risk and for the continuity of business operations, and provide local governments technical information and support on natural hazard mitigation through land use and building codes.”
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