Alabama Statutes

§ 33-15-7 — Rates, Fees and Charges; User Permits

Alabama·Title 33 Navigation and Watercourses·Ch. 15 Bear Creek Development Authority
(a)Rates, fees and charges for services rendered by the authority from any of its facilities shall be fixed and from time to time revised by the authority; provided, that such rates, fees and charges shall be so fixed as at all times to provide funds at least sufficient:
(1)To pay the cost of operating, maintaining, repairing, replacing, extending and improving the facilities and other property from which such services are rendered;
(2)To pay the principal of and the interest on all bonds issued and obligations assumed by the authority that are payable out of the revenues derived from the operation of those facilities as the said principal and interest become due and payable;
(3)To create and maintain such reserves for the foregoing purposes or any of them as may be provided in any mor

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Legislative History

(Acts 1965, No. 584, p. 1080, §7; Acts 1978, No. 537, p. 593.)

Nearby Sections

15
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