(1) The revenues from road impact fees collected within the service area and accrued interest on such revenues shall be used to finance costs of qualifying major roadway improvements located within the same service area.

(2) Qualifying road improvements are limited to improvements to the City's major roadway system that are shown on the adopted Capital Facilities Plan for road impact fees.

(3) The City's major roadway system consists of all City-maintained roadways or portions thereof that are classified as arterials, major collectors, or minor collectors shown on the recommended roadway classification map in the City's adopted Transportation Master Plan.

(4) Road impact fee revenues may be used to reimburse a developer for improvements to the City's major roadway system as set forth in a developer agreement, regardless of whether the improvement is listed in the Capital Facilities Plan.

(5) Qualifying improvement costs include project engineering costs; the acquisition cost of rights-of-way and easements; the construction cost of improvements, including, but not limited to, street travel lanes, sidewalks, turning lanes, lighting, signalization, signage, and landscaping improvements that are required for the roadway improvement to function effectively; and the principal, interest, and other financing costs of bonds, notes, or other obligations issued by or in behalf of the City to finance qualifying improvements.

(6) Monies collected as road impact fees shall not be used to pay for any of the following: