(a) Establishment of Fund. The San Francisco Super Bowl 50 Impact Fund ("the Fund") is hereby established as a category four fund to be used to provide financial support to small businesses specifically impacted by Super Bowl-related events.
(b) Source of Funds. Monies from the following sources may be deposited by appropriation into the Fund: (1) donations or cost reimbursements related to any City-incurred costs associated with Super Bowl-related events; (2) surplus, discretionary General Fund tax revenues attributable to Super Bowl-related events, as estimated by the Controller's Office following an accounting of the events; and (3) any other sources.
(c) Use of Funds. The Board of Supervisors may appropriate monies from the Fund to provide financial support to reimburse (1) businesses, merchants, or individuals who paid the City a license, operating, or other fee tor the purposes of operating their business and were subsequently displaced as a result of the event, and (2) other businesses and merchants who were adversely impacted by Super Bowl-related events.
(d) Administration of Grant Program. Those street artists licensed through the Arts Commission that can demonstrate a loss of income related to the reduction of spaces resulting from covered events shall be eligible for a grant award equivalent to their income loss, not to exceed $600 per street artist.
Food trucks, restaurants, and other individuals and businesses permitted or licensed through the Department of Public Work's Bureau of Street Use & Mapping shall be eligible for grants equivalent in value to permit fee(s) for the period of time under the approved permit(s) during which the permittee was not able to make use of the permitted benefit. Such grants shall not exceed $600 per grantee. Utility-related permits or licenses are not eligible for such grants.
The Controller's Office shall develop and administer the grant application, calculation, award, and disbursement process, in consultation with the Department of Public Works and Arts Commission. The Controller shall proportionally reduce grant awards authorized above to the extent that total calculated awards exceed the available balance in the fund.