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(a) Establishment of fund. The Golden Gate Park Stables Fund is hereby established as a category four fund to receive donations of money, property, or personal services for the Golden Gate Park stables.
(b) Matching Funds. Subject to the appropriation of funds for this purpose, for every $3.00 in donations of money, property, or personal services received and accepted by the City between April 1, 2008 and March 31, 2009, the City will deposit $1.00 in the fund, up to a total of $750,000.
(c) Use of Fund. This fund shall be used exclusively for any costs related to the renovation, repair and maintenance of the Golden Gate Park stables.
(d) Administration of Fund. Subject to appropriation by the Board of Supervisors, the General Manager of the Recreation and Park Department shall administer this fund and authorize expenditures solely for any costs related to the renovation, repair and maintenance of the Golden Gate Park stables, subject to all contracting requirements applicable to the Recreation and Park Department.
(Added by Proposition G, App. 11/6/2007)