The principal of the Robert M. White Open Space Trust Fund shall be maintained intact and interest earned thereon and other income will be utilized for the following purposes:
Up to 90% of the annual earnings generated by investments may be used for the acquisition of land designated for Major Public Open Space or for public easement or rights by the Albuquerque/Bernalillo County Comprehensive Plan or other adopted City plans, and/or may be reinvested as part of the principal of the Robert M. White Open Space Trust Fund, subject to the approval of the City Council upon recommendation by the Open Space Advisory Board. The remaining 10% of the earnings shall be added to the principal of the trust fund and reinvested.
('74 Code, § 4-11-4) (Ord. 72- 1988; Am. Ord. 11-2004; Am. Ord. 2015-028; Am. Ord. 2023-034)