(a) Establishment of Fund. There is hereby established a category six fund to be known as the San Francisco Museums Admission Special Revenue Fund for the receipt of all proceeds derived from the general admission fees levied by the Board of Trustees and Commissioners of the Fine Arts Museums of San Francisco and the Asian Art Museum ("museums") shall be deposited in the Museums Admission Special Revenue Fund. The general admissions fee schedule shall be established by the Board of Trustees and the Asian Art Commission jointly, including classes of fees and those exempt from said fees.
(b) Use of Fund. The first priority for use of monies collected in the fund shall be the reimbursement of expenses necessary for the collection of the general admission fee. When the Fine Arts Museums of San Francisco have received a cumulative total of $550,000 in accord with the provisions of Ordinance 364-77, all of the income (meaning all proceeds derived from the general admission fees levied by the Board of Trustees of the Fine Arts Museums of San Francisco and the Asian Art Commission minus the expenses necessary for the collection of the general admission fees) shall be apportioned between the museums pursuant to agreements between the Board of Trustees of the Fine Arts Museums of San Francisco and the Asian Art Commission.
(Added by Ord. 316-00, File No. 001911, App. 12/28/2000)