A. The impact fees established pursuant to this section and collected pursuant to the adopted schedule shall be expended only for the public facilities for which they were imposed, calculated and collected. The impact fees may also be used to pay the principal, interest and other costs of bonds, notes and other obligations issued or undertaken by or on behalf of the city to finance such public facilities.
B. The impact fees may also be used to reimburse the city for the costs associated with the administration and implementation of the impact fee program and to make refunds as required by Government Code Section 66001 or any applicable successor statute. (Ord. 2008-03 § 2 (part), 2008)