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(a) There is hereby created and established within the Treasury of the City of Los Angeles a special fund to be known as the “Arts and Cultural Facilities and Services Trust Fund” (Fund).
The Fund shall be administered by the General Manager of the Cultural Affairs Department. Approval of the Mayor and the City Council shall be required for all disbursements from the Fund.
All interest and earnings of the Fund shall accrue to the Fund.
Deposits shall be made to the Fund in accordance with the requirements of this article or other requirements adopted by the City Council by ordinance. In the event any money deposited into the Fund is subject to limitations or restrictions as to its use or expenditure, the deposit shall be placed into a separate account within the Fund, shall not be commingled with other monies in the Fund, and no part of such deposits shall be disbursed in violation of such restrictions.
(b) Expenditures from the Fund shall be exclusively for:
(1) acquisition or placement of publicly accessible works of art;
(2) acquisition or construction of arts and cultural facilities;
(3) provision of arts and cultural services;
(4) restoration or preservation of existing works of art;
(5) the City’s cost of administering the City’s Public Works Improvements Arts Program (Program); and provided that the artwork, facility or service has received the prior approval of the Board of Cultural Affairs Commissioners; or
(6) support of programs and operations of the Cultural Affairs Department, including overhead costs.
(c) Notwithstanding the limitations contained in Subsection (b) above, unrestricted appropriations from the City’s General Fund to the Cultural Affairs Department’s budget, Council Civic Fund, may be used for expenditures incurred in direct support of arts and cultural events, such as expenses for catering and equipment rentals.
(d) For the year commencing with July 1, 1989, and each fiscal year thereafter, an amount from the City General Fund which is equal to the amount which would be derived during that fiscal year from a transient occupancy tax imposed at the rate of one percent (1%) shall be placed in the Fund, and the City’s budget for that fiscal year shall so reflect.
(e) Within three (3) months after the close of each fiscal year, the Cultural Affairs Department shall provide the City Council with a report identifying all income and expenditures to and from the Fund during the prior fiscal year.
SECTION HISTORY
Added by Ord. No. 164,244, Eff. 1-15-89.
Amended by: Subsec. (b), Ord. No. 176,151, Eff. 9-20-04; Subsecs. (c) and (d) redesignated (d) and (e) respectively, new Subsec. (c) added, Ord. No. 180,904, Eff. 11-24-09.
(a) There is hereby created within the Treasury of the City of Los Angeles a special fund known as the “Granada Hills – Knollwood District Plan Amendment Circulation Study and Infrastructure Improvement Fund” hereinafter referred to as the “Fund” to be administered by the Planning Department.
(b) The Fund shall be used for the deposit of monies collected by the Planning Department pursuant to the conditions of approval of any Tentative Tract Map and Parcel Map in the area of Granada Hills located north of Rinaldi Street, west of Balboa Boulevard, south of the north City Boundary and east of Aliso Canyon Creek. Monies may also be contributed to the Fund by appropriation of City funds and by donations from individual developers.
(c) The monies from the Fund shall only be expended to:
(1) Prepare a transportation study for use in the Environmental Impact Report which must be prepared for the Granada Hills-Knollwood District Plan Restudy: and
(2) Provide for actual roadway improvements to the circulation system of the area.
(d) All interest or other earnings from money received into the Fund shall be credited to the Fund and shall be devoted to the purposes set forth herein.
(e) The monies from the Fund shall be expended as authorized by the Director of Planning or the Director’s duly authorized representative for amounts equal to or less than $100,000.00. No individual expenditure in an amount more than $100,000.00 may be made from the Fund without concurrent approval by the City Council.
SECTION HISTORY
Added by Ord. No. 164,562, Eff. 5-4-89.
(a) There is hereby created within the Treasury of the City of Los Angeles a special trust fund to be known as the “Central City West Housing Trust Fund” hereinafter referred to in this article as “the Fund” to be administered by the Los Angeles Housing Department.
(b) The Department of Building and Safety shall collect payments derived from all new commercial and industrial developments in the Central City West Specific Plan area and remit all such funds to the Treasurer for deposit into the Fund.
(c) The Fund shall be used for the purpose of receiving and disbursing, as authorized, housing payments including, but not limited to, in lieu payments and linkage fees, derived from the requirements of the Central City West Specific Plan.
(d) The monies from the Fund shall only be expended for the purpose of assisting in providing affordable housing within the Central City West Plan area bounded by the Harbor Freeway, the Hollywood Freeway, Olympic Boulevard and Glendale Boulevard, Union Avenue and Witmer Street on the West, or within other housing target areas identified in the Central City West Specific Plan.
(e) Any gifts, contributions or other monies received for the purpose of assisting in providing affordable housing in the Central City West Specific Plan area, including those housing payments made pursuant to provisions of the Central City West Transportation/Land Use Specific Plan, shall be placed in the Fund and all interest earned on the principal shall become part of the Fund.
(f) (None).
(g) No expenditure may be made from the Fund without the prior approval of the City Council and the Mayor.
SECTION HISTORY
Added by Ord. No. 165,383, Eff. 2-4-90.
Amended by: Subsec. (a), (f), Ord. No. 166,009, Eff. 8-2-90; Subsec. (a), (f), Ord. No. 168,841, Eff. 7-24-93; Ord. No. 173,305, Eff. 6-30-00, Oper. 7-1-00; Subsec. (f) deleted, Ord. No. 176,247, Eff. 11-22-04; Ord. No. 182,718, Eff. 10-30-13; Ord. No. 187,122, Eff. 8-8-21.
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