Establishes a Municipal Creative Space Preservation Trust Fund to create and preserve space for the creative economy.
The bill creates a Municipal Creative Space Preservation Trust Fund to provide for the creation and preservation of creative space and presentation space in municipalities. The trust aims to support artists, creative workers, and artisans by ensuring affordable space for their activities. The board of trustees, which includes the chief executive officer and at least four other members, manages the trust. The trust can accept gifts, purchase property, and enter into contracts to achieve its goals. The trust is exempt from certain taxes and is subject to annual audits.
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- Core Provisions
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- Legal Framework
- Critical Issues
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