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Public Art Fund According to the City's ordinance, the Public Art Fund is an account that is set up as a "Trust in Agency" fund to receive funds appropriated for TPA. This includes funds from City appropriations and all funds donated to the City by private developers or other sources, such as through the Downtown Development Ordinance (Section 27-441, City of Tampa Code). The fund shall be used for the selection, commissioning, acquisition, installation, maintenance, administration and insurance of works of art as well as for publicity and education pertaining to Public Art. Calculation According to the ordinance, 1% of the construction cost of a municipal building project or Capital Improvement Project (CIP) as bid, contracted and accepted by the City, not to exceed $200,000 for any single CIP project, may be used for the fund. Expenditures Public Art Fund expenditures may not be spent for the following: This breakdown is suggested to guide the Public Art Committee in making funding decisions, recognizing that special needs and budget fluctuations will affect plans. In determining the use of the fund, City capital contributions to the Public Art Fund may be distributed as follows: Up to 15% of total funds for collection management, conservation and maintenance, and education; up to 85% of funds for new acquisition through commission or purchase, a portion of which may be used for community/artist-initiated projects. Non-City Sources TPA may apply to other sources for funding of specific projects. Funds received from other non-City sources will be deposited in the Public Art Fund. It is anticipated that funds from grants or other non-City sources will have restricted uses. Areas of non-City sources of funding to explore for the future are eligible public and private funds including some bonds and Community Block Development Grants where applicable.
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