A. The crisis contingency and safety net fund is established consisting of monies appropriated to the fund and monies received by the office of the governor from any lawful public or private source. The office of the governor shall administer the fund. Monies in the fund are continuously appropriated. The office of the governor may accept and spend local, state and federal monies and private grants, gifts, contributions and devises to assist in carrying out the purposes of this section. Monies in the fund are exempt from the provisions of section 35-190 relating to lapsing of appropriations.

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B. Monies in the fund may be spent only following a state of emergency declaration by the governor and only for the following forms of economic assistance during the state of emergency:

1. Housing assistance, including payments to prevent eviction or foreclosure.

2. Monies for entities to provide services for homeless persons, including shelter, food, clothing and transportation.

3. Economic assistance to small businesses with fewer than fifty employees, nonprofit organizations and health care providers.

4. Monies for food bank operations.

C. Before spending monies in the fund, the office of the governor shall notify the president of the senate, the speaker of the house of representatives and the joint legislative budget committee on the intended use of the monies.

D. Monies in the fund shall be used to supplement and not supplant any monies allocated by the federal government for economic assistance during a state of emergency.