Indiana Statutes
§ 8-1-13-43 — Maximum borrowing and expenditures for economic development
(a)A corporation may not expend more than
fifteen percent (15%) of its total utility plant for economic
development.
(b)A corporation that is not an REA borrower (as defined in section
17(f) of this chapter) may not borrow any funds for an economic
development project without approval of the Indiana utility regulatory
commission.
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Legislative History
As added by P.L.95-1993, SEC.2.
Nearby Sections
15
§ 8-1-1-11
Staff of commission§ 8-1-1-12
Repealed§ 8-1-1-13
Repealed§ 8-1-1-14
Annual report§ 8-1-1-15
Implementing rules; duration§ 8-1-1-16
Commission to consider effect of governmental requirements upon
utility's operational expenses§ 8-1-1-4
Repealed§ 8-1-1-4.1
Payment of expenses§ 8-1-1-6
Repealed