A. When an assessment roll for payment of revenue bonds is filed for collection, credit toward the assessment against each property shall be given for all principal amounts of in-lieu of assessment charges and interest earnings allocated thereon to the owner of such property at that time. Said moneys are to be transferred to the revenue bond fund established for payment of the revenue bonds authorized.

B. When permanent public sewer service is made available to a property, and that permanent public sewer service facility to which the property is able to be connected was constructed and financed by revenue bonds issued by the County, then the principal and interest earnings allocation on deposit shall be transferred to the revenue bond fund established for such revenue bonds.

C. When permanent public sewer service is made available to a property, and that service is provided by a facility which is or has been constructed and financed by means other than the issuance of revenue bonds, the principal and interest allocations on deposit for that property shall be used first to defray or repay to the Utilities Department the costs of such construction, and thereafter for such other sewer utility construction purposes of costs as deemed desirable by the County.