(A) The Division shall establish the Community Forestry Escrow Fund (the "Fund") which shall be maintained as a separate account for the purpose of holding monies received from tree-related activities, including but not limited to:
(1) Appropriations of public funds from time to time by Metro Council;
(2) Donations or bequests received from members of the public, businesses, charitable organizations or other entities for the planting, care and protection of trees or the enhancement of the community tree canopy; and
(3) Monetary penalties received in payment for violations resulting from the enforcement of provisions of this chapter.
(B) Disbursements from the Fund shall be restricted to establishment and maintenance of an assistance program administered by and in accordance with policies and standards established by the Division, which is intended to help defray the cost of Division-mandated tree removal, including stump grinding, and new street tree replacement for property owners with demonstrated financial need.
(Lou. Metro. Ord. No. 221-2017, approved 12-14-2017)