(1) All service charges collected from the surface water management utility district shall be deposited in a special fund in the department of finance. The funds generated thereby shall be used only for the purpose of paying all or any part of the cost of establishing, administering, maintaining and operating the storm and surface water (water quality restoration and water quantity) management program created by this title, including, but not limited to, the costs for planning, designing, establishing, acquiring, developing, constructing and improving needed facilities and features, or to pay or secure the payment of all or any portion of any issue of general obligations, councilmanic or revenue bonds issued for such purpose.

(2) All service charges collected from areas annexed by cities or towns shall be deposited in a special fund in the department of finance. The funds generated thereby shall be used only for purposes permitted by RCW 36.89.120. (Added by Amended Ord. 15-069, Nov. 16, 2015, Eff date Jan. 1, 2016; Amended by Amended Ord. 17-020, July 5, 2017, Eff date July 21, 2017; Amended by Amended Ord. 22-042, Nov. 23, 2022, Eff date Dec. 10, 2022).