(A) There is created as a restricted agency fund the Louisville Public Space Art Fund. This shall be funded by appropriations by the Council and funds received from development projects as outlined in Section 5.12.2, item 3 of the Louisville Metro Land Development Code. It also may be funded through grants and donations from federal and state governments, corporations, foundations, individuals, and other not-for-profit organizations. In addition, once a non-appealable final order is issued, all civil penalty fines collected pursuant to § 131.16(A), (B) and (D) shall be allocated directly to the Louisville Public Space Art Fund.
(B) The Louisville Public Space Art Fund shall be used to provide grants to 501(c)(3) organizations to undertake public art projects as determined by COPA and to pay compensation or consultant fees associated with the Public Art Administrator.
(C) COPA is authorized to apply for and accept grants and donations to the Louisville Public Space Art Fund.
(Lou. Metro Ord. No. 68-2010, approved 4-19-2010; Lou. Metro Am. Ord. No. 106-2020 approved 9-11-2020)