§ 8-1-2-8 — Valuation of property; expenses; orders

Indiana § 8-1-2-8

• Jurisdiction: Indiana
• Art. 1: UTILITIES GENERALLY
• Ch. 2: Utility Regulation

Text

(a) The commission, within five (5) days after any
such valuation is determined, shall deliver a written statement thereof
to the public utility interested and a copy thereof to the clerk of each
municipality in which any part of the plant or equipment of such utility
is located. In such statement, the commission shall declare and fix the
reasonable and necessary expenses incurred by it in making such
valuation, and, within twenty (20) days thereafter, the utility shall pay
into the treasury of the state the amount of the expenses so declared
and fixed.
(b) The commission shall not make any order, based on any such
valuation, increasing any rate of any public utility until such expenses
have been paid. All such moneys paid into the treasury of the state are
hereby appropriated to the commission until and including September
30, 1925, to defray its expenses until said date and thereafter shall be
paid into the general fund of the state.
Formerly: Acts 1913, c.76, s.11; Acts 1925, c.63, s.1. As
amended by P.L.23-1988, SEC.22.