(Amended by Ord. No. 182,691, Eff. 10/8/03.)
Funds held in the Public Benefit Payment Trust Fund shall be disbursed in accordance with Section 5.416 of the Los Angeles Administrative Code and (1) after receipt of non-binding recommendations by a committee comprised of one representative from each of the following: the City Council Office for the City Council District in which the Receiver Site is located, the City Council Office for the City Council District in which the Donor Site is located, the Economic and Workforce Development Department, the Department of City Planning, the Mayor’s Office, the City Administrative Officer, the Chief Legislative Analyst, the Neighborhood Council for the area in which the Receiver Site is located, the Project Area Committee (if one exists) for the area in which the Receiver Site is located, and the Community Advisory Committee (if one exists) for the area in which the Receiver Site is located, in accordance with the procedure previously established for the Public Benefit Payment Trust Fund, (2) within five years after receipt, and (3) for use on projects or programs providing a Public Benefit as set forth in Section 14.5.9 A. of this Code. This Chief Legislative Analyst shall convene the Public Benefit Payment Trust Fund Committee within six months of receipt of funds.