§ 31-35-401 — Definitions

As used in this part 4, unless the context otherwise
requires:

(1) Consumer means any public or private user of water facilities or
sewerage facilities or both.

(2) Governing body means the body which is in charge of the municipality's
water or sanitation facilities, whether or not the same is a governing body as
defined in part 1 of article 1 of this title.

(3) Joint system or joint water and sewer system means water facilities
and sewerage facilities combined, operated, and maintained as a single public
utility and income-producing project.

(4) Municipality means a municipality as defined in part 1 of article 1 of this
title and includes any quasi-municipal corporation formed principally to acquire,
operate, and maintain water facilities or sewerage facilities or both.

(5) Net effective interest rate of a proposed issue of bonds means the net
interest cost of said issue divided by the sum of the products derived by multiplying
the principal amount of such issue maturing on each maturity date by the number of
years from the date of said proposed bonds to their respective maturities. Net
interest cost of a proposed issue of bonds means the total amount of interest to
accrue on said bonds from their date of issuance to their respective maturities plus
the amount of any discount below par or less the amount of any premium above par
at which said bonds are being or have been sold. In all cases the net effective
interest rate and net interest cost shall be computed without regard to any option
of redemption prior to the designated maturity dates of the bonds.

(6) Sewerage facilities means any one or more of the various devices used
in the collection, treatment, or disposition of sewage or industrial wastes of a liquid
nature or storm, flood, or surface drainage waters, including all inlets; collection,
drainage, or disposal lines; intercepting sewers; joint storm and sanitary sewers;
sewage disposal plants; outfall sewers; all pumping, power, and other equipment
and appurtenances; all extensions, improvements, remodeling, additions, and
alterations thereof; and any and all rights or interests in such sewerage facilities.

(7) Water facilities means any one or more works and improvements used
in and as a part of the collection, treatment, or distribution of water for the
beneficial uses and purposes for which the water has been or may be appropriated,
including, but not limited to, uses for domestic, municipal, irrigation, power, and
industrial purposes and including construction, operation, and maintenance of a
system of raw and clear water and distribution storage reservoirs, deep and shallow
wells, pumping, ventilating, and gauging stations, inlets, tunnels, flumes, conduits,
canals, collection, transmission, and distribution lines, infiltration galleries,
hydrants, meters, filtration and treatment plants and works, power plants, all
pumping, power, and other equipment and appurtenances, all extensions,
improvements, remodeling, additions, and alterations thereof, and any and all rights
or interests in such works and improvements; but, no municipality shall construct or
acquire facilities for the sale of electric energy or power, except hydroelectric
energy or power for sale at wholesale only, without complying with the provisions
of section 31-15-707.

Legislative History

Source: L. 75: Entire title R&RE, p. 1250, � 1, effective July 1. L. 81: (7) amended, p. 1540, � 1, effective May 18.