Indiana § 13-26-11-9 Just and equitable rates and charges; rates and charges unlawful if too
low; when initial rates and charges are prima facie just and equitable;
district authority examination

Indiana Statutes

§ 13-26-11-9 — Just and equitable rates and charges; rates and charges unlawful if too low; when initial rates and charges are prima facie just and equitable; district authority examination

Indiana·Art. 26 REGIONAL WATER, SEWAGE, AND SOLID·Ch. 11 Rates and Charges

(a)Just and equitable rates and charges are those that:

(1)produce sufficient revenue to pay all expenses incident to the operation of the works, including maintenance cost, operating charges, upkeep, repairs, and interest charges on bonds or other obligations;

(2)produce sufficient revenue to provide the sinking fund for the liquidation of bonds or other evidence of indebtedness and reserves against default in the payment of interest and principal of bonds;

(3)produce sufficient revenue to provide adequate money to be used as working capital, as well as money for making improvements, additions, extensions, and replacements; and

(4)give due consideration to the interests of the ratepayers.

(b)Rates and charges too low to meet the financial requirements described in subsection (a) are

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(a) Just and equitable rates and charges are
those that:
(1) produce sufficient revenue to pay all expenses incident to the
operation of the works, including maintenance cost, operating
charges, upkeep, repairs, and interest charges on bonds or other
obligations;
(2) produce sufficient revenue to provide the sinking fund for the
liquidation of bonds or other evidence of indebtedness and
reserves against default in the payment of interest and principal
of bonds;
(3) produce sufficient revenue to provide adequate money to be
used as working capital, as well as money for making
improvements, additions, extensions, and replacements; and
(4) give due consideration to the interests of the ratepayers.
(b) Rates and charges too low to meet the financial requirements
described in subsection (a) are unlawful. The initial rates and charges
established after notice and hearing under this article are prima facie
just and equitable.
(c) Nothing in this section shall prohibit a district authority from
examining the methodology or process by which rates and charges
were derived.
[Pre-1996 Recodification Citation: 13-3-2-25(b).]

Indiana § 13-26-11-9 (Just and equitable rates and charges; rates and charges unlawful if too low; when initial rates and charges are prima facie just and equitable; district authority examination) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.