(A) An account is established for the purpose of depositing monies from donations, grants, appropriations from city accounts or from any lawful source for paying the required obligations for the City of Madison Public Arts Commission.
(B) The account shall be named the Public Arts Commission Non-reverting Fund and all funds contained in the account shall be expended only for the exclusive purpose of paying expenses related to marketing, grant matches, public art installations, beautification of public areas, travel, and special projects for the promotion and recruitment of public arts.
(C) The express and written approval of the Madison Public Arts Commission shall be obtained prior to the expenditure of funds from the account.
(D) The account shall be non-reverting and exist perpetually unless terminated by a subsequent ordinance enacted by the Common Council.
(E) If the account is terminated by a subsequent ordinance enacted by the Common Council, the remaining balance of the terminated account shall revert to the general budget of the Common Council.
(Ord. 2023-6, passed 5-3-23)