3.04.120: USE OF FUNDS:
   A.   Pursuant to this chapter and subject to the provisions of Utah code section 11-36-302, impact fees:
      1.   Shall be used for public facilities that reasonably benefit the new development; and
      2.   Shall not be imposed to make up for deficiencies in public facilities serving existing developments; and
      3.   Shall not be used for maintenance or operation of public facilities.
   B.   Impact fees may be used to recoup costs of designing, constructing and/or the expansion of existing facilities in anticipation of new growth and development to the extent that the development activity will be served by the previously constructed improvements or the previously incurred costs.
   C.   In the event that bonds or similar debt instruments are or have been issued for the advanced provision of public facilities for which impact fees may be expended, impact fees may be used to pay debt service on such bonds or similar debt instruments to the extent that the facilities or improvements provided are consistent with the requirements of this section and are used to serve the development activity. (Ord. 2011-02: Ord. 98-08 § 2: Ord. 96-102 § 3: prior code § 7-119)