Indiana § 14-26-1-7 Cost of easement or interest in land

Indiana Statutes

§ 14-26-1-7 — Cost of easement or interest in land

Indiana·Art. 26 LAKES AND RESERVOIRS·Ch. 1 Reservoirs; Land Acquisition and Creation

The cost of an easement or interest in the fee,
either purchased or condemned, for present or for future needs, is
considered to be the cost of used and useful property commencing with
the date the payment for the land or an interest in the land is made. The
Indiana utility regulatory commission shall take due note of the fact
that a fee simple interest or easement, however acquired, is used and
useful property in a rate making proceeding in which a utility owning
a fee simple interest or easement is involved.
[Pre-1995 Recodification Citation: 13-2-9-5.]

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The cost of an easement or interest in the fee,
either purchased or condemned, for present or for future needs, is
considered to be the cost of used and useful property commencing with
the date the payment for the land or an interest in the land is made. The
Indiana utility regulatory commission shall take due note of the fact
that a fee simple interest or easement, however acquired, is used and
useful property in a rate making proceeding in which a utility owning
a fee simple interest or easement is involved.
[Pre-1995 Recodification Citation: 13-2-9-5.]

Indiana § 14-26-1-7 (Cost of easement or interest in land) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.