The proceeds from the tax imposed by CCC 5.30.010 shall be deposited in a special fund in Clallam County to be known as the “distressed area capital fund.” Monies deposited in such fund shall be used only for the purposes authorized by the laws of the State of Washington, including but not limited to, the cost of construction, acquisition or operation of public facilities or to pay or secure the payment of all or any portion of general obligation bonds or revenue bonds issued for such purposes.