Funds collected by the school districts from the school facilities fee and deposited in the special funds established pursuant to Section 18.24.720 of this chapter shall be used by the school districts for the following purposes:
A. Paying or financing of the construction, installation, acquisition, or purchase of the actual or estimated costs of school facilities described in the resolution or resolutions adopted pursuant to subsection B of Section 18.24.600 of this chapter;
B. Providing reimbursements as provided under Section 18.24.690 of this chapter; and