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8-1.5-4-6. Authority to set aside revenues for operation and maintenance, a depreciation account, and payment of bonds

IN Code § 8-1.5-4-6 (2019) (N/A)
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Sec. 6. The board may fix and set aside:

(1) the proportion of the revenues of the waterworks department necessary for reasonable and proper operation and maintenance;

(2) the proportion of the revenues for a proper and adequate depreciation account; and

(3) the fixed proportion of the revenues to be applied to the payment of the principal and interest of the authorized bonds.

As added by Acts 1982, P.L.74, SEC.1.

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8-1.5-4-5. Water filtration and service facilities; acquisition, construction, and operation; financing methods
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8-1.5-4-7. Revenues set aside for operation and maintenance