(a) Establishment of Fund. The Recreation and Parks Fund is established as a category eight fund to receive all private grants, gifts, and bequests of money and property which may be offered to the City and County of San Francisco to support Recreation and Park programs and facilities.
(b) Use of Fund. The fund is to be used exclusively for the purposes of supporting Recreation and Parks programs and facilities with emphasis on citywide and demographic parity.
(c) Administration of Fund. The Recreation and Park Department will be the administering department for this fund.