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(a) Establishment of Fund. The Art Commission Street Artist Fund is established as a category four fund for the purpose of receiving all fees received by the San Francisco Arts Commission for the Street Artists Program pursuant to Article 24 of the San Francisco Police Code, Sections 2400-2411 (Regulating Street Artists). The Controller shall cause all funds previously received by the San Francisco Arts Commission pursuant to Article 24 of the San Francisco Police Code, Sections 2400-2411 (Regulating Street Artists), to be deposited into the Street Artist Fund established by this section.
(b) Use of Fund. The monies in this fund shall be expended solely for the purposes of supporting the operation of the San Francisco Street Artists Program.
(c) Interest. Interest shall be credited by the Controller on any balance of funds accumulated in the Arts Commission Street Artist Fund. Interest earned from the Street Artist Fund shall become part of the principal thereof, and shall not be expended for any purpose other than that for which said fund is established.
(Added by Ord. 316-00, File No. 001911, App. 12/28/2000; amended by Ord. 234-01, File No. 011794, App. 12/7/2001)