The Los Angeles County Museum of Art has offered a financial bailout to the Museum of Contemporary Art, Los Angeles, although the deal must pass muster with one of the troubled museum's biggest supporters, billionaire Eli Broad, the Los Angeles Times reports.

When MOCA accepted a lifeline of up to $30 million from Broad five years ago, it agreed in writing that, among other things, it could not be acquired for ten years by "any museum located within one hundred miles of [its] Grand Avenue facility," excluding "educational institutions or museums affiliated with educational institutions," the Times reports. Broad, who declined the newspaper's request for comment on Thursday, is known to be supportive of the financially strapped institution partnering with the University of Southern California.

According to the Times, LACMA offered to help run the museum in late 2008, but MOCA officials decided at the time to accept support from Broad and restructure instead. MOCA officials did not respond to requests for comment.

Although it's difficult to predict what MOCA will do, a local official told the Times he expects the museum to explore all its options. "The art is the principle thing here, and the people who want to see the art," said Los Angeles County supervisor Zev Yaroslavsky. "[MOCA's] trustees should maximize opportunities for the public to see the art under knowledgeable and competent stewardship, no matter who that might be. LACMA is capable of this, but they're not the only ones capable of doing this."