The fund is under the Chief Resilience Officer and, following a federally declared disaster, can be used to:

• Provide financial assistance to state and local governmental entities to provide the nonfederal share for federal disaster assistance programs
• Make infrastructure repairs for homeowners and communities that are not eligible for CDBG-DR and other federal funding assistance
• Provide loans and grants to local governments in disaster areas that need immediate cash flow assistance
• Provide grants to governmental entities and organizations exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code to repair or replace infrastructure or equipment damaged as a result of a natural disaster
• Provide financial assistance for verifiable losses of agricultural commodities due to a natural disaster.