Indiana § 8-1.5-4-9 Revenues set aside for depreciation account

Indiana Statutes

§ 8-1.5-4-9 — Revenues set aside for depreciation account

Indiana § 8-1.5-4-9

Art. 1.5MUNICIPAL UTILITIES

Ch. 4Department of Waterworks in Certain Municipalities

This text of Indiana § 8-1.5-4-9 (Revenues set aside for depreciation account) 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 § 8-1.5-4-9 (2026).

Text

(a)The proportion set aside to the depreciation account shall be expended in making good depreciation in the waterworks or in new construction, extensions, or additions to the property of the waterworks.

(b)Any accumulations in the depreciation account may be invested by the board, and if invested, the income from the investment shall be carried in the depreciation account. The board may invest the funds in accordance with IC 5-13-9. As added by Acts 1982, P.L.74, SEC.1. Amended by P.L.19-1987, SEC.21.

Free access — add to your briefcase to read the full text and ask questions with AI

(a) The proportion set aside to the depreciation
account shall be expended in making good depreciation in the
waterworks or in new construction, extensions, or additions to the
property of the waterworks.
(b) Any accumulations in the depreciation account may be invested
by the board, and if invested, the income from the investment shall be
carried in the depreciation account. The board may invest the funds in
accordance with IC 5-13-9.
As added by Acts 1982, P.L.74, SEC.1. Amended by
P.L.19-1987, SEC.21.