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9071. <br />acquisition costs; making qualified reimbursements; paying <br />necessary design, engineering, construction and Project <br />administration expenses; staffing costs of the Citizens Oversight <br />Committee; paying interest on any interim financing pending the <br />receipt of Bond Proceeds; and paying the costs and expenses <br />incurred in issuing the Bonds or administrating the planning and <br />distribution of Bond Proceeds. <br />2.7. Citizens oversight Con ttee. The Open Space <br />Citizens Advisory Committee, which was established following <br />enactment of the Election Ordinance and passage of the bond <br />proposition authorized therein to review and report to the King <br />County Council on a semi annual basis regarding the status and <br />implementation of approved Projects. The committee is also <br />responsible for recommending to the King County Council <br />concerning reallocations of Bond Proceeds when available for new <br />or revised Projects. <br />2.8. Chief Financia). Otfj cet. The person serving as chief <br />financial officer of the County's Office of Financial Management <br />or the person's successor. <br />2.9. Code. The Internal Revenue Code of 1986 as amended, <br />together with all applicable regulations. <br />2.10. The Election Ordinance. King County Ordinance No. <br />2.11. Open Space. The term "open space" or "open space <br />land" means (a) any land area so designated by official <br />comprehensive land use plan and adopted by a city or county and <br />3 <br />901- 319.AG <br />