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The Storm Water Utility Fund shall be used only to pay the costs of construction, operation and maintenance of the storm water system and the costs of administration of the storm water utility. The Town may pledge all or any portion of the fund, including revenues anticipated to be collected, to the payment of principal, interest, premium, if any, and reserves for general obligation bonds, revenue bonds or any other obligations lawfully issued or otherwise contracted for by the Town for the payment or other financing of costs of the storm water system, or for the purpose of refunding any obligations issued or otherwise contracted for such purposes. (Ord. 957 §1, 2008; Ord. 1105 §2, 2012)