CASP Draft 11.1.10

Page 51

Benefit Trust Fund, b. Within five years after receipt, and c. For use on projects or programs providing a Public Benefit, as set forth in this Section, and consistent with the Los Angeles River Revitalization Master Plan. The above notwithstanding, the Corporation shall, as noted above, receive 50 percent of cash contributions to the River Benefit Trust Fund as set forth in Section 2.5.8, which funds may be used for any purpose the Corporation may legally perform. 2.7.2. The City shall establish an accounting of all River Public Benefit Payments. The accountings shall be transmitted annually to the Corporation, CRA/LA, and Commission for their review. 2.7.3. The records shall be available for public inspection.

DRAFT

Districts 02

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