Indiana § 8-1.5-4-6 Authority to set aside revenues for operation and maintenance, a
depreciation account, and payment of bonds

Indiana Statutes

§ 8-1.5-4-6 — Authority to set aside revenues for operation and maintenance, a depreciation account, and payment of bonds

Indiana § 8-1.5-4-6

Art. 1.5MUNICIPAL UTILITIES

Ch. 4Department of Waterworks in Certain Municipalities

This text of Indiana § 8-1.5-4-6 (Authority to set aside revenues for operation and maintenance, a depreciation account, and payment of bonds) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 8-1.5-4-6 (2026).

Text

The board may fix and set aside:

(1)the proportion of the revenues of the waterworks department necessary for reasonable and proper operation and maintenance;

(2)the proportion of the revenues for a proper and adequate depreciation account; and

(3)the fixed proportion of the revenues to be applied to the payment of the principal and interest of the authorized bonds. As added by Acts 1982, P.L.74, SEC.1.

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The board may fix and set aside:
(1) the proportion of the revenues of the waterworks department
necessary for reasonable and proper operation and maintenance;
(2) the proportion of the revenues for a proper and adequate
depreciation account; and
(3) the fixed proportion of the revenues to be applied to the
payment of the principal and interest of the authorized bonds.
As added by Acts 1982, P.L.74, SEC.1.