The Urban Enhancement Trust Fund (UETF) was established in 1983 when the City of Albuquerque won a lawsuit against the federal government that required Sandia Laboratories to pay sales taxes just as any other business in the city does. Rather than spend the $6,360,000 settlement, the Albuquerque City Council created a public endowment designed to enrich the cultural environment of Albuquerque. Of largest US cities, Albuquerque is the only one with a dedicated public endowment for the arts - one that does not depend on taxation revenue or other funding sources. Every two years the city uses 90% of the interest generated for projects while the remaining 10% is added to the principal. The Trust Fund is now valued at approximately $7,500,000. In 2003 the city received just under $950,000 in interest to fund arts and cultural projects.
In the original ordinance, 50% of the money available was designated for publicly owned capital building projects and the 50% was used to fund services in the areas of art, music, theater, dance, history, or literature that would have a favorable economic or cultural impact on the city. In 2001, the City Council amended the ordinance to provide that all funds available from the endowment should be directed to cultural projects. That ordinance change was made permanent in 2004.
The ordinance also provides for an eleven-member citizens' committee called the UETF Committee that is responsible for establishing guidelines and policies for spending the money. The mayor appoints a representative from each of the nine council districts and two representatives at-large. The UETF Committee develops criteria for project selection for each two-year granting cycle and provides oversight for each funded project throughout the two years.
UETF is a two-year program with planning, application, review, and selection process accomplished simultaneously with the City's General Obligation Program / Decade Plan process. Unlike the G.O. Bond Program, UETF projects receive final approval from the City Council. Proposals for cultural services projects must be submitted by nonprofit, tax-exempt 501(c) (3) organizations. The organization must be dedicated to enhancing Albuquerque's cultural vitality in the area of visual art, music, theater, dance, history or literature.
All projects should advance the Albuquerque Cultural Plan and have a favorable economic or cultural impact on the city. The Cultural Plan was developed over a two and a half year period to identify goals and objectives for the development of the city's cultural environment. The goals identified in the Cultural Plan are:
Projects funded in the past include: arts/cultural educational workshops at
community centers, schools, senior centers, and other public venues; free performances,
exhibits or cultural festivals; audio, video or electronic productions; oral
histories, cultural research or plans; historical or literary publications or
programs. Your school may have taken you on a field trip to the symphony, the
art museum or a visiting puppet theater or acting troupe may have come your
school. Perhaps you have had a special dance, photography or art lesson in your
class. Chances are these may have been paid for by the city's Urban Enhancement
Trust Fund.
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