Indiana § 5-1.2-14-12 Requirement to maintain sufficient user charges

Indiana Statutes

§ 5-1.2-14-12 — Requirement to maintain sufficient user charges

Indiana·Title 5 STATE AND LOCAL ADMINISTRATION·Art. 1.2 INDIANA FINANCE AUTHORITY·Ch. 14 Water Infrastructure Assistance Program

The authority shall, if appropriate, require a participant receiving a loan or other financial assistance from the water infrastructure assistance fund to establish under applicable law and maintain sufficient user charges or other charges, fees, taxes, special assessments, or revenues available to the participant to:

(1)operate and maintain its water system or wastewater collection and treatment system; and

(2)pay the obligations of its water system or wastewater collection and treatment system, including all debt service associated with financial assistance from the water infrastructure assistance fund.

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The authority shall, if appropriate, require
a participant receiving a loan or other financial assistance from the
water infrastructure assistance fund to establish under applicable law
and maintain sufficient user charges or other charges, fees, taxes,
special assessments, or revenues available to the participant to:
(1) operate and maintain its water system or wastewater collection
and treatment system; and
(2) pay the obligations of its water system or wastewater
collection and treatment system, including all debt service
associated with financial assistance from the water infrastructure
assistance fund.

Indiana § 5-1.2-14-12 (Requirement to maintain sufficient user charges) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.