§ 8-1.5-5-11 — Depreciation account; use of revenues

Indiana § 8-1.5-5-11

• Jurisdiction: Indiana
• Art. 1.5: MUNICIPAL UTILITIES
• Ch. 5: Department of Storm Water Management

Text

The revenues set aside to the depreciation
account shall be expended for:
(1) the repair of the storm water system;
(2) new acquisition, construction, extensions, or additions to the
property of the storm water system; or
(3) transfer to the bond and interest redemption account to
prevent a default.

Legislative History

As added by P.L.125-1987, SEC.1.