There is hereby established and created a fund to be known as the "Nontidal Wetland Compensation Fund." It shall be operated in accordance with the provisions of this Section. The purpose of this fund shall be to provide for the payment of monetary compensation in place of the creation, restoration, or enhancement of nontidal wetlands; the collection of civil or criminal penalties imposed by a court; bond forfeitures; and other monetary contributions to the fund form other sources in accordance with the Nontidal Wetland Protection Ordinance (Subtitle 4, Division 6, Section 4-374). All proceeds from the requirements of Section 4-374 of this Code shall be paid into and appropriated from this fund in accordance with the provisions of that Section.