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257 (3) Reduce the amount of outstanding bonds or provide for the defeasance of outstanding bonds. (4) Shorten the period of time during which a special tax is levied within the community facilities district. (c) The amount of savings achieved pursuant to the actions taken in accordance with subdivision (b) shall be in an amount equal to the amount of costs shared by the State Allocation Board pursuant to Section 17718.5 of the California Education Code. (d) The City Council hereby finds and declares that this Section 20-7 is intended to be in furtherance and not in derogation of education and school financing, and thus an appropriate part of this Code despite the fact that education is a state affair. Section 20-8. Transfer of funds; use of money; interest. The City Council may from time to time transfer money~ to a community facilities district or to a zone within a community facilities district, for the benefit of the district or zone, from any funds available to the City. The City Council also may appropriate any of the City's available moneys to a revolving fund to be used for the acquisition of real or personal property, engineering or other services, or the construction of structures or improvements needed in whole or in part to provide one or more of the facilities or services of a community facilities district. The district may reimburse the City for any amount transferred or appropriated pursuant to this Section 20-8, together with interest at the rate per annum, as determined by the City Council. ~' Section 20-9. Advances of funds or work in-kind; acceptance by legislative body; use; repayment; agreement; conditions. (a) At any time either before or after the formation of a comm~ity facilities district, the City Council may accept advances of* funds or work in-kind from any source, including, but not limited to, private persons or priyate entities and may provide for the use of those funds or that work in-kind for any authorized purpose, including, but not limited to, paying any cost incurred by the City in creating a community facilities district. The City Council may enter into an agreement with the person or entity advancing the funds or work in-kind to repay all or a portion of the funds advanced, or to reimburse the person or entity for the value, or cost, whichever is less, of the work in-kind, as determined by the City Council, with or without interest, under all of the following conditions: (1) The proposal to repay the ~unds or the value or cost of the work in-kind, whichever is less,/s included in the resolution of intention or the resolution of formation to establish the district, or in the resolution of consideration to alter the t~vpes of public facilities and services provided within an established district.